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Where Taxpayers and Advisers Meet
Editorial - Don't Bet on the Budget!
17/03/2012, by Mark McLaughlin CTA (Fellow) ATT TEP, Tax Articles - Budgets and Autumn Statements
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Mark McLaughlin considers the developments likely to come up in the 2012 Budget.

In the week of the Cheltenham Gold Cup, I was amused to read PWC's list of 'runners and riders' for the Chancellor of the Exchequer's Budget changes on Wednesday.

The shortest odds quoted by PWC were 'evens' for an increase in the rate of Stamp Duty Land Tax for high value properties, followed by 3-1 for the extension of Capital Gains Tax Entrepreneurs' Relief to all employees. If you fancy an outsider, how about 100-1 for a complete harmonisation of National Insurance contributions and income tax?

However, no odds were given for the length of the Finance Bill 2012. Unfortunately, all bets are off for another huge Finance Bill this year - no change there.

Anyway, well done to PWC - who said tax was dull?!

Best wishes,

Mark McLaughlin 

Managing Editor

About The Author

Mark McLaughlin is a Fellow of the Chartered Institute of Taxation, a Fellow of the Association of Taxation Technicians, and a member of the Society of Trust and Estate Practitioners. From January 1998 until December 2018, Mark was a consultant in his own tax practice, Mark McLaughlin Associates, which provided tax consultancy and support services to professional firms throughout the UK.

He is a member of the Chartered Institute of Taxation’s Capital Gains Tax & Investment Income and Succession Taxes Sub-Committees.

Mark is editor and a co-author of HMRC Investigations Handbook (Bloomsbury Professional).

Mark is Chief Contributor to McLaughlin’s Tax Case Review, a monthly journal published by Tax Insider.

Mark is the Editor of the Core Tax Annuals (Bloomsbury Professional), and is a co-author of the ‘Inheritance Tax’ Annuals (Bloomsbury Professional).

Mark is Editor and a co-author of ‘Tax Planning’ (Bloomsbury Professional).

He is a co-author of ‘Ray & McLaughlin’s Practical IHT Planning’ (Bloomsbury Professional)

Mark is a Consultant Editor with Bloomsbury Professional, and co-author of ‘Incorporating and Disincorporating a Business’.

Mark has also written numerous articles for professional publications, including ‘Taxation’, ‘Tax Adviser’, ‘Tolley’s Practical Tax Newsletter’ and ‘Tax Journal’.

Mark is a Director of Tax Insider, and Editor of Tax Insider, Property Tax Insider and Business Tax Insider, which are monthly publications aimed at providing tax tips and tax saving ideas for taxpayers and professional advisers. He is also Editor of Tax Insider Professional, a monthly publication for professional practitioners.

Mark is also a tax lecturer, and has featured in online tax lectures for Tolley Seminars Online.

Mark co-founded TaxationWeb (www.taxationweb.co.uk) in 2002.

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