Ministers are expected to propose allowing IT companies and others with proportionately large share option schemes to pass on their liability for NICs to employees when they exercise their options. But shadow Treasury minister Howard Flight warned it would land beneficiaries in Britain’s key growth industry with a combined CGT and NICs rate of 52.5% on the proceeds.
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
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
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals