On 9 October 2007, the Pre-Budget Report for 2008-09 was presented to Parliament by the Chancellor of the Exchequer. All figures are in GBP. Unless otherwise stated, the proposals are expected to take effect from 1 April 2008 for companies and 6 April 2008 for individuals. Business taxation The proposals include: -   changes to the self-assessment regime for businesses; -   from 1 January 2008, changes to the tax treatment of exchange gains and losses on loans and derivatives used to hedge foreign exchange risks arising from a company's investment in non-GBP trading or business operations; -   changes...