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ARTICLE · 24 APRIL 2009

Budget 2009 - Part 1 of 2

Mayer Brown
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With the UK in the midst of a deep recession, and UK business already struggling to deal with the highly prescriptive and compliance heavy UK tax code, the backdrop to this year’s Budget could not have been more daunting for the Chancellor of the Exchequer.

United KingdomTax
Sandy Bhogal
Sandy Bhogal
Michael Cashman
Michael Cashman
James Hill
James Hill
Andrew Stanger
Andrew Stanger
Peter Steiner
Peter Steiner
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Originally published 23 April 2009

Please click on this link to read Part 2 of Budget 2009

Keywords: UK Budget 2009, loss making companies Loss carry back rules, Bank agreements, tax losses, reallocation of chargeable gains, REITs, investment funds, investment trust companies, offshore funds, venture capital schemes, anti-avoidance, indirect taxes, personal dividends, interest relief, life policies, double tax relief, indirect taxes, VAT, cross border VAT changes, VAT refund procedure, Stamp taxes, Stamp Duty Land Tax,

Foreword

With the UK in the midst of a deep recession, and UK business already struggling to deal with the highly prescriptive and compliance heavy UK tax code, the backdrop to this year's Budget could not have been more daunting for the Chancellor of the Exchequer.

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