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New Budget hides £1.5 Billion tax bombshell for Harrogate District
New Budget hides £1.5 Billion tax bombshell for Harrogate District
24 March, 2010 – The Harrogate and Northallerton offices of Yorkshire accountants EuraAuditUK have launched a free “2010 Tax Minimisation Review” to help local businesses and taxpayers with the multiple tax bombshells hidden in the new Budget. Launching the service EuraAudit UK partner Nick Price said:
“The brutal truth is regardless of who wins the election, further multiple tax bombshells are inevitable – public finances are in a mess!
The huge shortfall between government spending and taxes looks set to get bigger as the true cost of the recession hits. The government expects to borrow an extra £567 billion over the next five years alone. On top of the staggering amounts already borrowed, this is not good news for tax payers - With 60 million people in the UK, this represents extra tax of £9,450 per man, woman and child! Higher earners will be the most affected.
We estimate that Harrogate Town taxpayers alone (for a population of 70,000) will end up owing £661.5 million more tax to cover the extra borrowing announced in the new budget. Harrogate District would owe 1.5 Billion and North Yorkshire county would owe 5.66 Billion!
Luckily though, the law also provides great opportunities for tax saving for the well-advised. To help Harrogate Businesses minimise the damage we’ve launched a free 2010 Tax Minimisation Review – to ensure no-one in Harrogate District pays a single penny more than their fair share of tax.”
The EuraAuditUK Tax Minimisation Review is provided by the EuraAuditUK Harrogate and Northallerton offices free for Businesses within the Harrogate District and you can book your slot by contacting one of our partners below -
Harrogate- Nick Price on 0845330 0459 or email nick.price@euraaudituk.com.
Northallerton – Peter Tarren on 0845 330 0451 or email p.tarren@euraaudituk.com
About EuraAudit UK
EuraAudit UK offers the full range of accounting services, specializing in VAT and tax planning, compliance and bookkeeping and business advice in areas including succession planning, exit strategy and businesses purchase and sale. Clients range from high-worth individuals and investors to large SMEs