Budget 2013 – Summary

George Osborne presented the 2013 Budget on Wednesday 20 March 2013.

This blog focuses on the direct and indirect tax measures announced, as well as the announcements made previously which affect the 2013-14 tax year and beyond.

It concentrates on the issues likely to affect you, your family and your business. To help you decipher what was said I have included some comments too.

If you have any questions please do not hesitate to contact me for advice.

Main Budget proposals

Key announcements made previously

  • The personal allowance for tax will increase by £1,335 to £9,440 from April 2013.

 

The Budget proposals may be subject to amendment in the Finance Act. You should contact me before taking any action as a result of the contents of this summary.

This blog is published for the information of clients. It provides only an overview of the main proposals announced by the Chancellor of the Exchequer in his Budget Statement, and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material contained in this summary can be accepted by the authors or the firm.

 

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