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Will contractor accountants be affected by loss of Pre-Budget report?

Will contractor accountants be affected by loss of Pre-Budget report?

There have been recent reports suggesting that the government might scrap the Pre-Budget Report but the UK200Group has warned against this move.

The UK200Group is made up of independent accountancy and law firms and they say the Pre-Budget Report gives advance warning of potential measures allowing accountants and contractors the opportunity to lobby the government for changes.

A tax partner at Harwood Hutton said that the UK needs greater transparency when it comes to government financial planning and ditching the PBR would be a step backwards, including the potential to affect contractor and online accountants.

The PBR was introduced by the former Prime Minister, Gordon Brown, and it became one of the most important events in the political calendar. This year the Spending Review is likely to take centre stage in the autumn and George Osborne could use that opportunity to rebrand the PBR and call it the Autumn Statement.

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