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Laurence Whitehead considers the impact of the Budget on corporate finance.

Following the Budget, the treasury has published further details on the cap on unlimited tax reliefs, which will cap income tax relief for individuals at £50,000 or 25% of income whichever is the greater.

There was not much for charities in the headlines of this week's Budget statement, with many of the mentions in the Budget document being previously announced measures. However, a few more were hidden in the detail.

Chris Blundell, Employment Tax Partner, comments.

Manufacturing-focused commentators at MHA MacIntyre Hudson are welcoming moves in the Budget to encourage growth and investment in the manufacturing and engineering sectors.

Commentators at MHA MacIntyre Hudson believe the Budget will cause more families to feel the pinch as plans to abolish child benefit for higher-rate taxpayers come into force.

MHA MacIntyre Hudson believes that today’s move to phase out increased age-related personal allowances will be detrimental to lower-income taxpayers over 65.

MHA MacIntyre Hudson has welcomed steps to improve the Enterprise Management Incentive scheme (EMI), as part of the Government’s reforms for growth announced in today’s Budget.

Commentators at MHA MacIntyre Hudson are welcoming moves in today’s Budget to create a world-leading technology hub in the UK.

Alastair Kendrick, Employment Tax Director at MHA MacIntyre Hudson LLP, the top 20 UK accounting firm, is advising employers to assess their company car strategy following the announcement in the Budget today.

Katharine Arthur, Tax Partner at MHA MacIntyre Hudson LLP, the top 20 UK accounting firm, welcomes the rise in Personal Allowance but believes the Government could have done more:

Following the announcement in today’s Budget, that the Coalition will consult further before introducing a General Anti-Abuse Rule to tackle tax avoidance, MHA MacIntyre Hudson is calling for an independent monitoring body to have control rather than HM Revenue & Customs.

The current system is outdated and disproportionately focused on the South East due to the structure of thresholds.

MHA MacIntyre Hudson believes that a review of the Windfall Taxes on utility companies is unlikely in this coming Budget.

Commentators at MHA MacIntyre Hudson believe the Budget will cause more families to feel the pinch as plans to abolish child benefit for higher-rate taxpayers come into force.

Patrick King, Tax Partner, MHA MacIntyre Hudson believes the decision by the Government to reduce corporation tax from 26 per cent to ten per cent for profits made on patented technologies is key to ensuring manufacturing continues in the UK.

Following the report into the General Anti-Avoidance Rule (GAAR), key commentators at MHA MacIntyre Hudson are advising that the proposed new measures are looked after by an independent body following the next stage of public consultation.

MHA MacIntyre Hudson predicts that the forthcoming Budget (21 March 2012) will contain unwelcome news for company car drivers as the Government commits to new taxation plans.

The Chancellor's Budget announcement on 23 March - hailed as a "Budget for making things, not making things up" - was welcomed by most as promising for SMEs.