|
|
23 Jan 2008
Treasury ministers are to hold a final consultation with business today over the controversial plans to reform capital gains tax.
The chancellor Alistair Darling is due to unveil plans for the tax tomorrow, it is thought.
Andy Burnham, the chief secretary to the Treasury, is meeting the CBI, the Institute of Directors and others, the FT reported.
The plans entail ditching the current system of taper relief, indexation allowance and different rates for one single 18% rate.
David Frost, director-general of the British Chambers of Commerce, said: 'The concern is that this is all about a great tax take from business. This has never been about simplification – this is about the intention to raise £900m. Looking at the awful state of the public finances…they're clearly scrabbling around to see where the money [for concessions] is going to come from.'
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
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. 
Visitor comments Add your comment