The Association of British Insurers has called on the Treasury to drop its
obsession with ‘revenue neutrality’ on its plans to overhaul the taxation of
The government wants to drop taxes on inbound dividends, but wants to tighten
up anti-avoidance rules elsewhere to make up for the tax loss.
‘It is vital that the government does not pursue revenue neutrality, which
invariably means complex and costly anti-avoidance measures, in a way that
imposes more burdens on business or restricts business development in the UK,’
Stephen Haddrill, ABI director general, said in a letter to chancellor Alistair
The body believes the review is important to keep the UK competitive.
A ‘surprisingly high proportion’ of the insurance industry had moved to very
low tax regimes, Haddrill added.
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year