The government has announced a stamp duty holiday, but
not everyone thinks this is a reason for celebrating. In fact, reaction to the
move was fairly negative.
Times quoted experts saying it was a ‘sticking plaster’. George Buckley,
chief UK economist at Deutsche Bank, told the paper that any savings would be
wiped out by one month of price falls.
Giles at the FT said the policy was ‘unlikely to work’ in terms of getting
the housing market moving upwards again. The paper also drew a distinction
between Gordon Brown’s aims for the policy and Alistair Darling’s.
Others criticized the fact that
cut is unfunded, something the government has always thrown as a criticism
at Tory tax plans.
Not everyone thinks it’s a bad idea. The chancellor himself
Darling went on Newsnight to attempt to show he thought the policy was a
good idea. But he wasn’t getting much support elsewhere.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy