Maurice Fitzpatrick, a Grant Thornton tax expert told Thompson Financial,
this meant any changes to the capital gains tax (CGT) reform would be minimal.
‘It is inconceivable that it would wish to increase public borrowing
forecasts, therefore it is expected that additional revenue will have to come
the the tax system,’ Fitzpatrick said.
He said proposals on non-domicile tax which will be released next year would
also be revenue raising initiatives.
Gordon Brown defends CGT decisions
Taxman lines up early exit from doomed Concentrix tax credits deal, as HMRC faces intense scrutiny from MPs
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
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
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