CBI warns Darling of tax 'rage' over CGT
Chancellor is warned that failure to reform CGT will inflame business rage
Chancellor is warned that failure to reform CGT will inflame business rage
If Alistair Darling fails to backtrack on his decision to scrap taper relief
he will face intense tax ‘rage’ from business, the CBI has warned.
At a meeting yesterday Darling faced the business community that has opposed
his CGT reforms so vehemently. He said he was ‘listening’ to their concerns but
gave no indication that he would backtrack on his decision.
CBI director general Richard Lambert said Darling had three weeks to outline
the final proposals on CGT. If they did not go far enough, Lambert said, there
would be a cry of rage.
At the same meeting Tory leader David Cameron said he would fight Darling
‘all the way’ on the decision to dump taper relief.
Further reading:
Tories say CGT explanations are
unravelling
The numbers you crunch tell a story. Your expertis...
16yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe amount of tax saved by businesses through HMRC’s Patent Box scheme has increased by 23% over the last five years, from £1.14 billion in 2017/18 to...
View articleUK Chancellor Jeremy Hunt has hinted at the possibility of further tax cuts in the upcoming spring Budget, during his time at the World Economic Forum...
View articleThe legislation, which introduces a global minimum tax of at least 15% for multinational enterprises, aims to limit tax competition and ensure large c...
View articleThe upcoming tax changes in 2024 will significantly impact businesses and individuals in the UK. Accountants play a crucial role in helping clients na...
View articleAccountants must stay vigilant, adapt their tax strategies to evolving regulations, prioritize transparency, and foster collaboration with tax authori...
View articleAs the government prepares for re-election, PM Sunak promises to control spending in order to bring forth tax cuts next year Read More...
View articleThe Office for National Statistics revealed that the UK economy shrank by 0.3% in March after the economy grew by 0.1% in the previous three months Re...
View articleAs the Spring Budget approaches, dissenters of the UK government’s increasingly complex contractor legislation are baying for change. HMRC has already...
View article