HM Revenues and Customs has dismissed as ‘scaremongering nonsense’ claims
that 80,000 employees will be caught by the new capital gains tax net, according
Under new rules, employees taking part in save-as-you-earn schemes will be
liable for capital gains tax of 18% if their profit is more than £9,200.
Previously, higher rate taxpayers were liable for 10%, and basic-rate taxpayers
An estimated 270,000 employees take part in SAYE schemes, and employee share
ownership lobbying group ifs ProShare has estimated 80,000 of these will be
worse off under the new rules which start in April.
But HMRC told The Telegraph that the vast majority of SAYE savers
will benefit from a provision that allows them to stagger disposal over more
than one tax year and that they can also transfer the shares into an Isa.
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