Tag Archives: RPI

Stealth tax?

The Government has announced that from April 2012 the measure of inflation used to calculate increases in NICs rate bands, the CGT annual exempt amount and the annual ISA subscription limit will be changed from the retail prices index (“RPI”) to the consumer prices index (“CPI”), and that the default indexation assumption for all direct taxes will [...]
Posted in Budget - March 2011, Budget Update | Also tagged , | Leave a comment