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Budget 2009 - What this means for Contractors

The Chancellor’s 2009 Budget has received a great deal of media attention, chiefly focused around the long-term effects of government borrowing. However, when looking at the details behind the speech, we have determined the impact of the changes on the contractor market.

Within this guide we cover:

  • Increase of 1% in the small companies corporation tax rate
  • Update on Income Shifting legislation
  • Changes to Company Tax
  • Changes to Personal Tax

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