Chancellor Alistair Darling came under heavy criticism yesterday by Richard
Lambert, head of CBI, who
said the ‘complete confusion’ caused by his handling of the Capital Gains Tax
(CGT) reforms was causing ‘enormous damage’ to the reputation of the Government.
‘Nobody has a clue what’s going on and the problem is that this is a major
part of the tax code, has a big effect on people’s lives and the clock is
ticking because by April 6 people are going to have to make major decisions
about whether they think they are going to pay more tax or not,’ he said.
The prolonged delay in announcing a revised scheme has led to speculation the
CGT reform might be delayed by a year, according to the Financial
Times, something the
denies that outright.
Government insiders say they do not expect a decision this week, while
leaving open the possibility it could come next week after Mr Brown returns from
a visit to Asia.
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
Since the release of HMRC’s plans for digital tax reforms, many have agreed with the call for a delay