1996 BUDGET NEWS RELEASE INDEX


HEADINGS BY DEPARTMENT/SUBJECT GROUP

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H M TREASURY

Budget in brief

HMT 1 Living Standards (see also IR 1)

HMT 2 New public spending plans - main points (see also OGD 1-20)

HMT 3 Further action to crack down on fraud and abuse: "spend to save" (see also MISC 2, IR 9, CE 30, OGD 14)

HMT 4 Further help for small businesses (see also MISC 3/4 REV 1/6/21/22/24/27, CE 12/28)

HMT 5 New measures to improve air quality (see also MISC 1)



OTHER GOVERNMENT DEPARTMENTS - TAXATION

MISC 1 DTp - Vehicle Excise Duty (see also HMT 5)

MISC 2 DTp - National wheel clamping scheme - no hiding place for road tax dodgers

MISC 3 DOE - Rates freeze for small businesses in 1997/98

MISC 4 DSS - Employers' National Insurance Contributions cut



INLAND REVENUE

Personal tax

IR 1 Income tax rates and allowances (see also HMT 1)

IR 2 Inheritance tax: another increase in threshold

IR 3 Increase in rent a room threshold: extra incentive to take in lodgers

IR 4 Income tax: company car fuel scale charges for the year 1997-98

IR 5 Employees' travel and subsistence

IR 6 Capital Gains Tax: annual exempt amount

IR 7 Pensions scheme earnings cap

IR 8 Payments under life insurance policies and reform of policy holder taxation

Securing the tax base

IR 9 Boost for Inland Revenue's counter evasion and counter avoidance work

IR 10 Tax relief for profit related pay to be phased out

IR 11 Capital allowances on long life assets

IR 12 Corporation tax: relief for drilling production oil wells

IR 13 Finance lessors: measures to prevent lessors avoiding or deferring tax

IR 14 Tax saving measures in respect of companies buying their own shares or paying special dividends

IR 15 Capital gains: taxation of securities

IR 16 SDRT: Bearer instruments: anti-avoidance legislation

IR 17 Transfer of assets abroad: anti-avoidance legislation clarified

IR 18 Tackling tax deferral involving payments of own company shares

IR 19 Double taxation relief: anti-avoidance: bought-in foreign tax

IR 20 Closer working between Inland Revenue, Customs and Excise and Department of Social Security - more barriers lifted (see also CE 29)

Business measures

IR 21 Reduction in small companies' rate of corporation tax

IR 22 Measures to improve further the effectiveness of the Venture Capital Trust and Enterprise Investment Schemes

IR 23 Inheritance Tax: relief for land in habitat schemes

IR 24 CGT: reinvestment relief: qualifying companies

IR 25 Deduction of employers' National Insurance class 1A contributions when computing profits for tax purposes: legislation of ESC

IR 26 Capital allowances on fixtures

Simplification/deregulation and other measures

IR 27 Deregulation

IR 28 Tax law rewrite: the way forward

IR 29 Budget boost for work-related training

IR 30 Charity owned companies

IR 31 Abolition of deduction of tax at source from wayleaves

IR 32 Transfer pricing and controlled foreign companies legislation: self-assessment

IR 33 Stamp duty: demutualisation of insurance companies

IR 34 Stamp duty: unit trusts and OEICs



CUSTOMS AND EXCISE

VAT - anti-avoidance/Revenue protection

CE 1 Customs counterattack on tax leakages

CE 2 Retail schemes updated

CE 3 Customs block international VAT avoidance

CE 4 Property tax loophole to be closed

CE 5 Bad debt relief scheme to be tightened

CE 6 Telecoms loophole to be plugged

CE 7 Charity zero-rates clarified

CE 8 Preventing abuse of the VAT registration threshold

CE 9 Law on Customs debt recovery gets streamlined

CE 10 Refunds and assessments both capped at three years

CE 11 Staff hire concession to be withdrawn

VAT - deregulation/simplification

CE 12 Helping small business.

CE 13 Clarification of the law on VAT groups

CE 14 Help for exporters of financial services

CE 15 Helping to convert non-residential buildings to homes

CE 16 Pharmacies exemption stays

CE 17 New right of appeal

CE 18 Insurance exemption clarified

VAT - other

CE 19 Review of the capital goods scheme announced

CE 20 VAT on private mileage in business cars

Excise

CE 21 Tobacco duty up: health link maintained

CE 22 Changes in fuel duties: Boost for green fuel

CE 23 Spirits cut, alcopops up, most other duties frozen

CE 24 Air passenger duty: Increase in November 1997

CE 25 Excise duty assessment provisions: New rights of appeal for excise traders

CE 26 Gaming licence duty : Deregulation for casinos

Insurance premium tax

CE 27 IPT rises to 4 per cent with higher rate to counter VAT avoidance

Intrastat

CE 28 Threshold up to help business

Closer working

CE 29 More barriers lifted (see also IR 20)

Spend to save measures

CE 30 Customs crackdown on revenue fraud, smuggling and evasion



OTHER GOVERNMENT DEPARTMENTS - SPENDING

OGD 1 MOD Defence spending - commitment to stability continues

OGD 2 FCO Budget: FCO(DW) settlement: Global foreign policy maintained, with increases for BBC World Service and British Council.

OGD 3 ODA Budget outcome for ODA

OGD 4 MAFF Budget boost for public safety

OGD 5 MAFF 60 million Pounds more for hill and upland farmers

OGD 6 DTp George Young announces transport spending plans

OGD 7 DTp Government commitment to 6bn Pounds trunk roads programme

OGD 8 DOE Department of the Environment spending plans announced

OGD 9 DOE Local Government settlement for 1997/98 targets key services

OGD 10 HO More resources for the fight against crime

OGD 11 DfEE Shephard announces 875m Pounds more for schools, colleges & universities

OGD 12 DNH Department of National Heritage funding: Budget Statement 1996

OGD 13 DH Stephen Dorrell announces 1.6 billion Pounds Budget boost for patient services

OGD 14 DSS Cash boost for fight against benefit fraud

OGD 15 DSS Peter Lilley announces ways of making the social security system more efficient and effective

OGD 16 DSS Peter Lilley announces uprating for social security benefits

OGD 17 DSS Peter Lilley announces changes to equalise the benefit position of lone parents and couples with children

OGD 18 DSS Peter Lilley announces new measures to contain the growth of housing benefit and council tax benefit spending

OGD 19 SO Michael Forsyth welcomes 14.3 billion Pounds Budget settlement

OGD 20 WO William Hague announces Welsh spending plans




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