Under the changes, employees holding shares in the companies for which they work, are able to claim generous tax relief by classing them as business assets.
But according to a report in yesterday’s Times newspaper, the extension of taper relief could only apply to employees of trading companies.
The CIOT is hoping the government will table an amendment to the Finance Bill before the Common’s debate on 6 June.
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
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
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals