Friday 14th March 2008
Chancellor Alistair Darling has been lauded for his softly-softly approach in the 2008 Budget.
The Chartered Institute of Taxation (CIOT) explains that his speech included a number of delays to the introduction of new budgetary rules.
As a result, people can expect the chance to reassess their finances to meet new costs and demands, the organisation suggests.
Chair of the CIOT corporate tax sub-committee John Cullinane says: "Im struck by how many provisions there are - where theyre either referring to things for consultation or announcing things that will happen significantly in advance."
This, he adds, represents a step forward from the pre-Budget report in which there were too many "rabbits from hats".
"Well see whether they keep it up, but so far so good," Mr Cullinane asserts.
Among the delays introduced was the announcement that fuel duty is not to increase until October - rather than the planned April date for a 2p increase.
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