According to KPMG’s David Tuch, the chancellor failed to respond to the current economic situation and had done little to help those companies that had invested funds and now found themselves strapped for cash.
He said: ‘It’s a great shame the chancellor has not taken the opportunity to ensure that companies, that have very low or no net assets and therefore struggle to pay salaries, are still unable to introduce EMI if their gross assets are in excess of Pounds 30m.’
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states