PBR - Reactions

[Bunk]

Flat Rate VAT for "Computer and IT consultancy or data processing" to rise in the new year from 11.5% to 14%. (Hint: it was 13%)

But will the standard rate of VAT return to 17.5% or something higher?

[swamp]

But will the standard rate of VAT return to 17.5% or something higher?

Standard VAT will return to 17.5%. HMRC have sent lots of bumf about this to Limited companies, so they would look a bit silly if they changed their mind. There would be an outcry from businesses too, as they would have to hire lots of contractors on super rates to implement and test the changes

[Lockhouse]

From the BBC:

It is believed a 1p rise in corporation tax due to hit nearly a million small businesses this year will also be called off.

[AtW]

Anyone think there's a possibility of a cut in corp tax?