Budget 2007
A blueprint for the future of UK tax competitiveness
Grant Thornton have devised a blueprint for the future of UK tax competitiveness which urges the Government to acknowledge that the current corporate tax regime is strangling many inward investment opportunities for UK plc. In the study Grant Thornton recognise that the UK is in a state of corporate flux with many UK plcs making noises about quitting their home country for locations abroad, while major multinationals reject the UK as a location from which to run their operations. The report highlights that it is becoming increasingly obvious that the UK's complex and expensive tax system is getting in the way of competition.
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| General business tax summary | Personal tax summary | Anti-avoidance measures |
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| Rates and allowances | Tax changes affecting large corporates | Technology tax issues |
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| Construction industry | Property tax | Farming and estate summary |
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| Tax facts 2007-08 | Investment management and savings |
UK foreign property ownership report
This booklet contains analysis of foreign property ownership by UK individuals, published in association with Lombard Street Research.
Press releases
21/03/2007 – Grant Thornton's first reaction
Commenting on the Chancellor's Pre-Budget report, Ian Luder, tax partner at Grant Thornton said: "In what may be his final budget speech, the Chancellor tried to hit every button, shopping...
21/03/2007 – Grant Thornton personal tax Budget comment
The Chancellor's 11th and what is surely his final Budget Report focused on children, families and education.. He also continued his charge on green initiatives and lowered the Basic Rate...
21/03/2007 – Budget response from Grant Thornton technology group and intellect
Commenting on the Chancellor's Budget report, Neil Pamplin Tax Director at Grant Thornton commented: "Mr Brown's last budget would appear to be good news for the UK technology sector but, as usual, the Chancellor could not resist tinkering.. There are some unpleasant surprises behind the headlines.. The increase in R&D relief and in the numbers of companies that will potentially qualify is to be applauded.. It is unfortunate however that the EU straightjacket will not allow this to be extended to real cash credits.
Overall tax measures are neutral in revenue as Chancellor delivers wide-ranging final Budget Today the Chancellor has responded to calls for simplification of parts of the UK tax regime.. However,...
21/03/2007 – Property industry neither thanks nor bemoans Budget
The Chancellor played his normal game with the property industry giving a bit here and taking a bit there.. 21 March 2007
19/03/2007 – Grant Thornton expects tweaks not turns for business in Budget 2007
Business and financial advisers Grant Thornton are not expecting many changes for business in this year's Budget, which is likely to be the current Chancellor's last.. The competitiveness of UK Plc continues to slump and at the same time the UK tax burden is expected to increase to, 37..8% for 2007/08.. .
An overwhelming majority of the general public (82%) and of UK businesses (80%) have resoundingly rejected that the UK tax burden should rise to accommodate possible new green taxes.. Moreover, there is widespread cynicism that any new green taxes would be introduced purely to raise revenue rather than to be invested in environmental projects.. The findings are part of a new survey released today on UK Environmental Taxation Policy conducted by leading business and financial advisers Grant Thornton.
13/03/2007 – Grant Thornton offers a blueprint for the future of UK tax competitiveness
Today Grant Thornton, the leading business and financial advisers, offers a blueprint for the future of UK tax competitiveness and urge the Government to acknowledge that the current corporate tax...
07/03/2007 – Grant Thornton calls for clarification and certainty in the 2007 budget
Today, leading business and financial advisers Grant Thornton predicts that the forthcoming Budget is likely to be 'steady as it goes' as the Chancellor seeks to display his credentials as Prime Minister in waiting.. However, Grant Thornton also highlights that there are many unanswered questions that need resolving to keep UK's economy on track.. .