28 November 2012

PwC looks at the Autumn Statement runners and riders

So what does the Chancellor have up his sleeve for next week? 

He seems to like surprises, so PwC offers some light-hearted odds on the runners and riders in the Autumn Statement.

What’s running

The Tipster’s view

Odds

Corporation Tax

Will we see a further reduction in the corporation tax rate, beyond the 22% it’s due to reach by 2014, to 20%? 

15-1

Fuel Duty

Is the planned 3p January rise to be cancelled?   

7-2

Income tax

Could the additional 45p rate go back to 40p?

66-1

Council Tax

What’s the likelihood of new council tax bands being introduced for high value properties?

15-1

Stamp Duty Land Tax

Could SDLT for high value properties be increased to 8%

15-1

National Insurance Contributions

Will we see complete harmonisation of NICs and income tax?

100-1

 

 

Capital Gains Tax

Could entrepreneurs’ relief be extended to all employees?

5-1

VAT

Might we see some zero- or lower-rated items move into the higher rate?

50-1

VAT

What about a hike in the main rate to 22.5%

66-1

Pensions annual allowance

Could we see the pensions annual allowance cut to £30,000?

15-1

Pensions lump sum

Or could the pensions tax free lump sum be reduced

15-1

Infrastructure

Will we see greater incentives for infrastructure spend

10-1

Environment

Could we see a new environmental tax like a plastic bags tax

25-1

To view more commentary and analysis on the Autumn Statement click here.

Ends

Contact:

Email: Lynn Hunter
Tel: +44 (0)141 355 4015

Email: David Glen
Tel: +44 (0)141 355 4053


 

 

« Autumn Statement: PwC comments on potential cuts to pension tax relief | Homepage | Hitting key fiscal target could require an extra £16 billion of austerity by 2018 »

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