Liberal Democrat leader Nick Clegg is set to enter the debate on tax today
with a speech demanding that loopholes for the City be scrapped and that
corporation tax should be cut instead.
Financial Times Clegg will acuse the Treasury of creating unnecessary
loopholes for the City which effectively amount to tax avoidance. However, it
remains unclear which loopholes Clegg has in mind.
Clegg will however say during his speech to financial services grandees at
the Gherkin, that the Lib Dem policy of 50% income tax for high earners has been
abandoned, but will emphasise that 40% should mean 40%.
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