22 March 2006 Budget Report Budget highlights Capital taxes Duties Value added tax National insurance Contributions Business tax and investment incentives Income tax and personal savings Company cars Other measures announced 2006/07 tax calendar

This Report, which was written immediately after the Chancellor of the Exchequer delivered his Budget Speech, is intended to provide an overview of the announcements most likely to affect you or your business.

Throughout this guide we have included tips and ideas for effective tax and financial planning, but it is important to remember that this planning should be an ongoing, year-round process, not something that is left until the last minute.

We can help you to reassess your plans regularly, and adapt them as your personal and business circumstances change. With our help, you can plan for a rewarding and financially secure future.

How to make the most of our services

• Please read the Report as soon as possible.
• Keep a copy of the 2006/07 tax calendar handy. It details many of the key dates and deadlines for the coming year.
• Contact us as soon as possible to discuss any action you may be considering, and to review your longer term plans. We always welcome the opportunity to help.

Please note: while most taxation changes take effect from the start of the financial year, or tax year, some may not take effect until 2007, or later. Where relevant, details of these changes have been included in this Report.

We are registered to carry out audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.