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Tax jobs news: Predictions made ahead of new Budget

Wednesday 16 March 2011 by Gina Le Prevost

A number of financial experts have made predictions about the possible contents of the new Budget, set to be announced later this month.

Those in tax jobs may be affected by any new Budget and according to head of tax at law firm Berwin Leighton Paisner Michael Wistow, the government should focus on creating a "roadmap" about how and when taxes will be reduced as the economy gets back on its feet, the Financial Times reports.

National tax director at accountants and financial advisers Smith & Williamson Richard Mannion said that it would make sense to "lump" national insurance credits with income tax to create a combined payment, something that those in tax jobs may agree with.

"However, this would translate as a basic rate of income tax of around 28 per cent which could give the government some difficult headlines," he noted.

This month's Budget is the second set out by the new Conservative and Liberal Democrat coalition government, which came into power last year.