TaxPersonal TaxTax speculation starts after Labour win

Tax speculation starts after Labour win

Labour may decide that Child Benefit should be taxable for those who can afford it, according to specualtion about the government's second term in office.

The Tax Faculty of the ICAEW has already begun summarising what it thinks might happen in the world of tax now that Labour has been returned with another massive majority.

Among other things the faculty warns the profession to keep an eye on National Insurance where Gordon Brown has refused to say a cap on the upper earnings limit will stay in place.

If you want to read more of the analysis written by Accountancy Age columnists Francesca Lagerberg and Frank Haskew, click here.

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