• Type: Publication series
  • Date: 3/21/2013

United Kingdom – Budget for 2013/2014 Is Announced 

KPMG LLP in the United Kingdom reports that the U.K.’s Chancellor of the Exchequer, presented the 2013 Budget speech on March 20, 2013. In this newsletter, we cover changes affecting individuals and their employers such as modifications to income tax rates and allowances, including a cut in the top tax rate from 50% to 45%, adjustments to National Insurance contributions and capital gains tax rates and exemptions, and the introduction of a new tax-free child-care scheme, amongst other measures.

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