Pre-Budget Report 2009 Introduction Personal tax Tax rates and allowances Furnished holiday lettings Pensions and Credits State Pension Rates of tax credit National Insurance Contributions Rates and limits: 2010/11 Rates and limits: 2011/12 Employees Bankers' bonuses Electric cars and vans Cars up to 2012 Car fuel Works canteen Savings Pension contributions Capital Gains Tax Annual exemption and rate Inheritance Tax Rates and threshold Stamp Duty/Stamp Duty Land Tax Extended holiday ends Corporation Tax Rate of tax Business Tax Bank payroll tax Capital allowances Research and development Time to pay Empty property rates relief Value Added Tax Standard rate Flat rate Other Measures Equitable liability Offshore disclosure opportunity Public sector pay and pensions Tax avoidance

Bankers' bonuses One of the expected headlines in the Pre-Budget Report was the attack on bankers' bonuses. The proposal makes it clear that there is no effect on the taxation of the banker at all: the bonus will suffer income tax and NIC according to the normal rules, and those tax charges will no doubt be subject to the normal attempts to avoid them using schemes dreamed up by tax lawyers. Instead, the PBR attack levies a tax on the bank paying the bonus (described under Business Tax).