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.
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer