Gordon Brown ignored stern warnings from
officials that scrapping tax credits on dividends would have dire
consequences for pension funds and place a heavy financial burden on workers.
Documents obtained by
via a freedom of information request showed that within weeks of becoming
chancellor ten years ago, Brown was told that scrapping tax credits on dividends
would cost workers and local authorities billions of pounds.
, however, went ahead and scrapped the tax credit on dividends paid into
pension funds in his first Budget in 1997.
The documents shed new light on what has been one of the most contentious
decisions Brown has ever made as chancellor.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
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