1. 2010 Budget Breakfast David Collier 25 March 2010

2. Income tax/ National Insurance 50% rate £150,000 2010/11. Trust rate: 50%. NI: 1% on main rates. 13.8%/9% employment income. 2011/12. 25 March 2010 2

3. Capital gains tax 18% rate unchanged. Entrepreneurs’ relief: £1m to £2m. 6 April 2010. Annual exemption £10,100. 25 March 2010 3

4. Business tax Annual investment allowance. £50,000 to £100,000. 1/6 April 2010. 25 March 2010 4

5. Pensions Reduced tax relief income. £150,000 to £180,000 range. 6 April 2011. Anti forestalling for 2010/11. Annual/ lifetime limits frozen. Retirement age to be abolished? 25 March 2010 5

6. 6 NEST National Employment Savings Trust. Compulsory pensions for unpensioned employees. Previously “Personal Accounts”. Phased introduction: 2012 to 2016. Contributions by 2017: 3%/ 4% employer/ employee. 25 March 2010

7. VAT Parcels: standard rated. 31 January 2011. Registration £68,000 to £70,000. 1 April 2010. 25 March 2010 7

8. Stamp duty/ inheritance tax £250,000 exemption: first time buyers. 25 March 2010 to 24 March 2012. 5% rate domestic property £1m+. 6 April 2011. Nil rate frozen £325,000. 25 March 2010 8

9. Charities Extend reliefs to EEA. Fit and proper trustees. English definition of charity. 25 March 2010 9

10. 10 Tax administration update 1 Information powers: past present future. Penalty regime: reasonable care/ careless error/ deliberate. Late in year PAYE payments. 25 March 2010

11. 11 Tax administration update 2 Accounts and tax return filing under XBRL. False self employment: construction industry.

12. Tax administration – new measures Security for non payment of PAYE: 6 April 2011. Late filing, payment of VAT/ indirect taxes: updated penalties. 25 March 2010 12

13. 13 Business payment support System continues for next Parliament. £5bn deferred. £1m+ require business review. Avoid surcharges for late payment. Anticipation of loss carry back. 25 March 2010

14. 14 Anti avoidance update Retrospective legislation precedent. Case law successes. LDF: Healthcare etc. Offshore evasion: 100%, 150% or 200% scale penalties. 25 March 2010

15. 15 www.chiene.co.uk