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Surprise rebound in business confidence signals early end to double-dip recession

Tuesday, May 08, 2012 | Posted by: Grant Thornton
Categories: Economy | Tags: business, tax, recession, investment, economy, growth, CEO, budget, Scott Barnes, recovery, Michael Izza, economic growth, BCM, Business confidence monitor

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A notable improvement in UK business confidence in the last three months suggests that the economy will come out of recession and return to growth in Q2 2012, according to the latest ICAEW/Grant Thornton UK Business Confidence Monitor (BCM) out today.

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Treasury announces further consultation into an above-the-line tax relief for R&D in large companies

Thursday, April 12, 2012 | Posted by: Grant Thornton
Categories: Tax | Tags: tax, economy, UK, budget, R&D, Budget 2012, Research & Development, Tax Relief, ATL, Above the line

The knowledge economy is seen by many as vital to the UK and its recovery from difficult economic times, but what is being done by the government to stimulate investment in this important sector? As a member of the Treasury Consultative Committee, Chris Harrison takes a look at proposed changes to the schemes that provide tax relief to companies that undertake R&D.

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Budget 2012 in links – business roundup

Friday, March 23, 2012 | Posted by: Grant Thornton
Categories: Economy, Tax, Thought Leadership | Tags: budget, budget2012, summary, tax, links

Get a fuller picture of Budget 2012 – or just cut to the relevant news affecting you – with our quick links.

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Five Budget 2012 predictions affecting companies

Tuesday, March 13, 2012 | Posted by: Francesca Lagerberg
Categories: Economy, Tax | Tags: business, tax, investment, tax planning, Francesca Lagerberg, UK, budget, tax avoidance, predictions, GAAR, patent box, CFC, competitive, UK economy, non-doms, budget2012

What will Chancellor George Osborne’s 21 March Budget hold for large corporates, privately held businesses (PHBs) and entrepreneurs? “A whole raft of measures around competitive UK,” says Francesca Lagerberg, Head of Tax at Grant Thornton. Here are five Budget predictions on how companies are likely to be affected.

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Finance Bill 2012 tax updates and what they mean

Tuesday, December 06, 2011 | Posted by: Fiona Cullinan
Categories: Economy, Tax | Tags: business, tax, finance, Francesca Lagerberg, UK, budget, analysis, tax policy, legislation, Finance Bill, draft, Finance Bill 2012, Legislation Day

More than 1100 pages make up the draft legislation for the next Finance Bill, which was published today. Here are some of the highlights for UK large corporates, small businesses and individuals from our Budget team at Grant Thornton.

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Autumn Statement 2011 live reaction

Tuesday, November 29, 2011 | Posted by: Fiona Cullinan
Categories: Economy | Tags: business, economy, Grant Thornton, Twitter, budget, reaction, George Osborne, news, budget deficit, Autumn Statement, Autumn Statement 2011

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Grant Thornton UK is covering today’s Autumn Statement over on our dedicated budget pages. But what was the reaction as Chancellor George Osborne delivered his speech to the house? And what did industry groups think of the statement? We caught some of the social media reaction as the news came through…

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Big tax changes for small businesses

Wednesday, May 11, 2011 | Posted by: Francesca Lagerberg
Categories: Business advice | Tags: tax, income tax, budget, NIC, Office for Tax Simplification, OTS, National Insurance, allowances, policy, IR35, contractors, integration, intermediaries, small business review, merging income tax and NIC, SME

Small business taxation is facing major reform with the potential merging of income tax and national insurance contributions, new approaches to taxing very small, unincorporated businesses, and a review of IR35 rules, says Francesca Lagerberg, Head of Tax at Grant Thornton.

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Compare the tax reliefs.com as the new OTS completes its review

Tuesday, April 12, 2011 | Posted by: Francesca Lagerberg
Categories: Business advice, Tax | Tags: tax, income tax, budget, NIC, tax policy, legislation, exemptions, OTS, tax reliefs, budget2011, national insurance contributions, venture capital trusts, allowances, enterprise investment schemes, Office of Tax Simplification, entrepreneurs’ relief

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In his 2011 budget speech, Chancellor George Osborne announced several changes to the UK tax regime following the advice and recommendation of the Office of Tax Simplification (OTS). This is the first view we have of the new department’s effectiveness – has it made tax simpler?

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The unfolding story of Budget 2011

Wednesday, March 23, 2011 | Posted by: Fiona Cullinan
Categories: Economy, Tax | Tags: business, links, Grant Thornton, budget, reaction, analysis, social media, George Osborne, comment, news, budget2011

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And now for something a little different. Instead of posting the usual Budget reaction, we’ve created and curated a lively mix of news, social media, videos, graphics and more – plus Grant Thornton’s own Budget comment – all in one quick and easy-to-scan poster site.

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Our 2011 Budget predictions for business

Tuesday, March 15, 2011 | Posted by: Francesca Lagerberg
Categories: Tax | Tags: tax, investment, economy, UK, pensions, VAT, budget, tax avoidance, relief, corporation tax, deficit, planning, Office for Tax Simplification, enterprise, predictions, GAAR, Low Value Consignment Relief, fuel duty, enterprise, investment, UK, economy

What changes lie ahead for entrepreneurs and privately held businesses (PHBs) in George Osborne’s Budget next week? Francesca Lagerberg, Grant Thornton’s Head of Tax, makes a few predictions…

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Fall in business confidence indicates slow-down in economic recovery

Friday, August 27, 2010 | Posted by: Grant Thornton
Categories: Economy | Tags: business, tax, recession, investment, CEO, budget, Scott Barnes, recovery, ICAEW, Michael Izza, BCM, Business confidence monitor

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Confidence among businesses has fallen according to the latest ICAEW/Grant Thornton UK Business Confidence Monitor (BCM), indicating that the economic recovery will slow in the second half of 2010. Despite uncertainty as to the impact on the recovery of the Coalition Government’s plans to reduce public spending, the BCM’s financial performance indicators suggest that the financial health of UK businesses continues to improve.

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Six predictions for the emergency Budget

Wednesday, June 16, 2010 | Posted by: Fiona Cullinan
Categories: Economy, Tax | Tags: tax planning, capital gains tax, CGT, pensions, VAT, budget, NIC, tax avoidance, corporation tax, National Insurance Contribution

Should companies be preparing for the worst this Tuesday (22 June 2010)? Here’s what Francesca Lagerberg, Grant Thornton’s Head of Tax, thinks Chancellor George Osborne has in store in the emergency Budget…

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Where’s the pain and gain in Budget 2010?

Monday, March 29, 2010 | Posted by: Richard Jameson
Categories: Economy, Tax | Tags: tax, entrepreneurs, economy, income tax, CGT, Richard Jameson, budget, NIC, Alistair Darling, relief, Gordon Brown, stamp duty, fiscal drag, budget2010, PSBR, election, economic growth, budget deficit

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Attempted headline-grabbing announcements,

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Budget provides entrepreneurs with £80k giveaway

Thursday, March 25, 2010 | Posted by: Fiona Cullinan
Categories: Economy, Tax | Tags: business, tax, entrepreneurs, entrepreneur, capital gains tax, CGT, budget, Alistair Darling, relief, budget2010

‘Entrepreneurs’ may not have made the top 100 keywords used in Alistair Darling’s budget speech (see our Wordle below), but Budget 2010 held some good news for entrepreneurs looking to sell their business, as the Chancellor raised the level of

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