This Budget announces wide reaching reforms to the tax system to reward work and support growth. These reforms will lower headline rates, diversify and broaden bases and limit reliefs — based on the principle that the tax system should be fair, efficient and simple.Budget 2012 also announces the next stages in the Government’s plans for the supply side of the economy. The Government is committed to driving through the measures announced in The Plan for Growth and Autumn Statement 2011, and is taking further steps in this Budget to stimulate investment, exports, enterprise and the labour market.The action the ... (full story)