Tax update November 2008 - Pre-budget Report

The Chancellor presented the Pre Budget Report on Monday 24 November 2008.

The most anticipated PBR for a number of years has largely turned out as predicted in the recent press. The headline announcement probably being the short term cut in VAT.

For most it will mean tax cuts in the short term but an increase further down the line.

Our tax team has provided a comprehensive overview of the PBR.