Budget Report 2004/05   Budget Report 2004/05 Graphic
Introduction Budget Highlights Business Tax And Investment Incentives Capital Taxes Duties Income Tax and Personal Savings Value Added Tax Company Cars National Insurance Other Measures Announced Tax Calendar

Written immediately after the Chancellor of the Exchequer delivered his Budget Speech, this Report covers the principal business and personal taxation announcements.

Most taxation changes take effect from the start of the financial year, or tax year, but this is not always the case. The Chancellor has also announced changes which will not take effect until 2005, or later. Where relevant, details of these changes have been included in this Report.

Also included throughout this guide to Budget changes are a number of planning pointers. However, tax and financial planning should not be left until the end of the tax or financial year - rather it should be an ongoing process, with your plans being kept under review. With our help, you can plan for a rewarding and financially secure future, reassess your plans regularly, and adapt them as your personal and business circumstances change.

How to make the most of our services
  • Please read the Report as soon as possible.
  • Refer to the 2004/05 tax calendar. It details many of the key dates and deadlines for the coming year.
  • Contact us as soon as possible, before you act not after, to discuss any action you may be considering, and to review your longer term plans. We always welcome the opportunity to help.