Dragon’s Den business experts have joined in the chorus of disapproval over
the simplification of capital gains tax rules.
Following the slating by the UK’s biggest employer groups, including the CBI,
of the government’s changes to a flat rate of CGT, Dragon’s Den panelists have
voiced opposition to the move.
Theo Paphitis said it was an appalling decision that rewarded speculators but
penalised investments in potentially fast-growing businesses, reported
Deborah Meaden said the move would damage entrepreneurialism.
James Caan, who appeared in his first Dragon’s Den last night, said taper
relief for CGT ‘fuelled positive activity’ for the economy. ‘The chancellor had
a great opportunity to make his mark, but to put a dampener on small businesses
was not a good move.’
A petition to save CGT relief has also been opened on the
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...