The Henderson Loggie tax team are currently brushing aside the Chancellor's garnishes and getting their tax teeth into the full 5 course Budget. Their full analysis will be available tomorrow on our website, and we will let you know by email as soon as it is served online.

So, to avoid any indigestion today, we're offering you a small selection of the key points from the George Osborne's smorgasbord of tax changes, mentioned during today's speech.

Consultation will begin on the potential merger of these two taxes in a significant effort to simplify our tax system.

Simplifications include the administration of Gift Aid resulting in the ability to reclaim on donations without the details of the donor.

Additional incentives will be introduced for investment in R&D, and the Enterprise Investment Scheme. Entrepreneurs' relief will be increased to £10m.

Incentives for investment in green energy have been announced, along with a new 'green investment bank' with access to up to £3bn of funds.

From April 2011 the main corporation tax rate will be reduced by 2% instead of the planned 1%.

The Chancellor has announced new measures which will be introduced to close tax avoidance loopholes.

The full analysis will be coming to you soon...