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.
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