The government’s various explanations for scrapping taper relief on CGT are
unravelling the Tories said yesterday.
The claim followed comments by business secretary John Hutton who said
scrapping taper relief, which will raise £900m, was done to fund an increase in
the IHT threshold.
Hutton’s remarks ran contrary to those made by chancellor Alistair Darling,
who said the move was made to simplify the system, as well as the explanation
made by Gordon Brown who said private equity was the reason for the reform.
‘These changes had nothing to do with improving the environment for business
and simplifying the tax system, and everything to do with trying to find extra
money,’ said shadow chancellor George Osborne.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed