Deloitte's coverage and analysis of the Budget 2011
Bill Dodwell, head of tax policy at Deloitte, comments: "Overall, it's a remarkably positive Budget unless you're an oil company or a bank. However, there's even a small silver lining for oil companies in that, perhaps counter intuitively, the higher effective tax rate may actually make exploration projects more viable." More
|Summaries of measures
PDFs detailing our analysis of the measures announced
Deloitte's full commentary (PDF, 1.68MB)
Read all of our coverage in a 114 page PDF
What the Budget means for:
The lowest corporation tax rate in the G7 by 2014, 21 new
enterprise investment zones, improved R&D tax relief and CFC
reform all support the Government's ambition for the UK to have
the most competitive business regime in the G20.
The Chancellor has asked HMRC to review how much extra tax is
collected from the 50% tax rate, and entrepreneurs have received
There are plans to align income tax and National Insurance.
Legislation will be introduced to counter anti-avoidance including
The fuel duty rate has been cut by 1p per litre - a measure paid for by
increased tax on oil companies.
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