The recommendation by the Office of Tax Simplification (OTS) to abolish community investment tax relief has been ignored.
The chancellor of the exchequer announced in the Budget that the personal allowance for people under 65 will rise by a further £630 to £8,105 in 2012-13.
First-time buyers will be helped by a new £250 million scheme to provide interest-free loans on new-build properties where the household income is below £60,000 per year.
It was announced in the Budget that anybody leaving 10 per cent or more of their estate to charity will pay a lower rate of inheritance tax on the remainder of their estate from April 2012 onwards.
The headline change for businesses in the 2011 Budget was the two per cent reduction in corporation tax, which was 1 per cent higher than the cut already announced.
The annual capital gains tax allowance has been increased with inflation from £10,100 to £10,600 from April 2011.
It was announced in the Budget that the income tax relief available through the Enterprise Investment Scheme (EIS) has been increased from 20 per cent to 30 per cent, and the annual amount that can
As previously announced, from April 2011 the amount of higher-rate and additional-rate income tax relief will be restricted for new entrants to childcare voucher salary sacrifice schemes.
The government is to look at merging income tax and National Insurance, chancellor of the exchequer George Osborne has announced.
There were no surprises on savings and investments in the Budget.