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26 Oct 2007
Chancellor Alistair Darling was seen to soften his stance on capital gains tax changes (CGT) in the face of mounting criticism from business when he appeared before the Treasury select committee yesterday.
Although he was determined to press ahead with his a single 18% CGT rate in April, he said he was happy to work with business groups to explore ways of easing the blow with other measures to help businesses, particularly entrepreneurs and business owners facing retirement.
That improvement could take the form of ‘marginal’ changes to the new CGT regime – such as relief on business assets – or a broader tax break to help business more generally, government insiders told Financial Times.
Timesonline reported that, when asked by Michael Fallon, treasury spokesman, if he was ruling out a rethink in response to business concerns, Darling said: ‘They have raised a number of issues. I said of course I will work with them there.’ Fallon retorted: ‘So that’s no . . .’
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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