Brown's business council 'won't discuss CGT'
Gordon Brown's council of business elders will not discuss issue of most concern to business from the pre-Budget report
Gordon Brown's council of business elders will not discuss issue of most concern to business from the pre-Budget report
A council of business elders set up by Gordon Brown to bring business
concerns to government’s attention will not consider the furore over capital
gains tax, it has emerged.
An aide to Mervyn Davies, the Standard Chartered Bank chairman who chairs the
new council, told the
Financial
Times that the first meeting would ‘agree on a number of priority areas for
the UK – that’s unlikely to [include] capital gains tax.
‘Reacting to something the chancellor does is not what [the council] would be
expected to do – it’s got a broader remit than that.’
The revelation has caused concern with business groups lobbying against the
changes. David Frost, the director general of the British Chambers of Commerce,
said: ‘to me, they have no option but to discuss [CGT]’
The IoD said the CGT changes were ‘the sort of thing that the council should
be looking at.’
Further reading:
Business
bosses to advise Brown
The numbers you crunch tell a story. Your expertis...
17yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe amount of tax saved by businesses through HMRC’s Patent Box scheme has increased by 23% over the last five years, from £1.14 billion in 2017/18 to...
View articleUK Chancellor Jeremy Hunt has hinted at the possibility of further tax cuts in the upcoming spring Budget, during his time at the World Economic Forum...
View articleThe legislation, which introduces a global minimum tax of at least 15% for multinational enterprises, aims to limit tax competition and ensure large c...
View articleThe upcoming tax changes in 2024 will significantly impact businesses and individuals in the UK. Accountants play a crucial role in helping clients na...
View articleAccountants must stay vigilant, adapt their tax strategies to evolving regulations, prioritize transparency, and foster collaboration with tax authori...
View articleAs the government prepares for re-election, PM Sunak promises to control spending in order to bring forth tax cuts next year Read More...
View articleThe Office for National Statistics revealed that the UK economy shrank by 0.3% in March after the economy grew by 0.1% in the previous three months Re...
View articleAs the Spring Budget approaches, dissenters of the UK government’s increasingly complex contractor legislation are baying for change. HMRC has already...
View article