Commenting on which corporate tax measures business might been disappointed not to see in today’s budget, Chris Morgan, head of tax policy at KPMG in the UK, said:
“Most businesspeople will have felt cheered by today’s budget. There were plenty of positive tax measures especially for small business enterprises.
“But some businesses, particularly retailers, might feel a bit left out in the cold as there were no concessions on business rates.
“Infrastructure companies too, while undoubtedly buoyed up by the significant house-building programme and the extra capital projects funding announced earlier this week, may be disappointed not to see tax allowances for infrastructure investment. At a time when the Chancellor has displayed such largesse on tax it is a little strange that he decided not to do this.”
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.