The CGT relief for entrepreneurs will do nothing to help the business
‘powerhouses’ of the country, said the CBI.
Employers’ bodies reacted coolly to yesterday’s announcement that gains for
entrepreneurs would be taxed at 10% for the first million pounds they make.
CBI director general Richard Lambert said changes to CGT rules were still a tax
hike and would damage the economy.
Martin Temple, chairman of manufacturing body EEF, said the relief was a helpful
concession but its tax policy ‘sent out all the wrong signals’ about its
attitude to business.
The ABI said it would push for the creation of a level playing field for CGT on
investment products such as unit trusts and investment bonds.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham
Drastically fewer offices for HMRC in the hope to reduce their running costs