The Treasury has now published the full breakdown of Chancellor George Osborne's Budget report for 2013.
The OOTLAR gives you a by department breakdown of rates, allowances and other figures.
Income Tax changes
From the start of the 2014/2015 tax year, the basic tax free personal allowance will be raised to £10,000. No mention as yet of plans for National Insurance, but for the meantime this means there will be no tax to pay on up to £10,000 of income for the vast majority of taxpayers.
Childcare changes
There is a new 20 percent tax relief available for childcare costs from 2015 - initially detailed to be up £6,000 per child. This scheme would replace the current tax efficient method of using childcare vouchers.
Pension changes
The single flat-rate pension to be brought forward one year, so will start at £144 per week from 2016.
The Economy - facts and figures
- Bank of England to keep the target rate for inflation at 2 percent.
- Unemployment claimants to drop by 60,000 this year with the expectation of 600,000 more jobs.
- Forecast for growth dropped again, this time halved to 0.6 percent from the expected 1.2 percent - with the UK seeing off recession by the end of the year.
- Deficit ratio to fall by a third to 5 percent by next year.
- Governmental departments to see streamlining due to cuts in budgets over the next two years of 1 percent.
Business
- Main rate corporation tax to be leveled with small business to create a single 20 percent rate from 2015.
- Businesses to be eligible for a £2,000 contribution toward their employers national insurance bill. For up to 450,000 firms this would cover their entire bill.
- Shares traded on the AIM will no longer attract stamp duties.
- Tax incentives for cars classified as 'Ultra low-emission'.
- Shale gas industry to get tax allowances.
Infrastructure
- Commitment to £15 billion of new road, rail and construction projects over the next six years, with the first £3 billion spend starting in 2015/2016.
Duty
- 3 pence fuel duty increase in September axed.
- 3 pence beer duty increase from April axed. A cut of 1p planned from today instead. The annual escalator axed too, but will remain for wine, cider and spirits.