TaxAdministrationBusiness anger mounts as chancellor delays

Business anger mounts as chancellor delays

Business frustration is mounting over chancellor’s delay in unveiling CGT changes

Miles Templeman,
Institute
of Directors
(IoD) director general, said chancellor Alistair Darling’s
decision to delay his announcement on the proposed changes of the Capital Gains
Tax (CGT) until the new year would lead to continued uncertainty at a time when
business owners needed to take critical decisions.

‘The government’s pro-enterprise credentials were seriously damaged by the
original announcement in the pre-budget report,’ he said.

‘The Government should recognise the impact of this by considering deferring
implementation of the changes, and commit now to a firm date on which its final
decision will be announced.’

Richard Lambert,
Confederation
of Business Industry
(CBI) director-general, said CBI was disappointed at
the delay but the chancellor needed to get on with this decision urgently, ‘as
he promised at the CBI’s conference a fortnight ago’.

Further reading:

Darling postpones CGT reforms until New Year

Tax the biggest concern for SMEs

Related Articles

HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2w Emma Smith, Managing Editor
HMRC issues updated Trusts Registration Service guidance

Administration HMRC issues updated Trusts Registration Service guidance

2w Emma Smith, Managing Editor
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

2m Austin Clark, Reporter
Are you ready for the Trusts Registration Service?

Administration Are you ready for the Trusts Registration Service?

3m Helen Thornley, ATT Technical Officer
Advisers bullish despite Brexit concerns

Accounting Standards Advisers bullish despite Brexit concerns

1y Fraser Simpson, Reporter
Brexit: Five questions accountants should be asking

Accounting Firms Brexit: Five questions accountants should be asking

1y Fraser Simpson, Reporter
UK votes to leave EU – accountancy profession reacts

Accounting Firms UK votes to leave EU – accountancy profession reacts

1y Fraser Simpson, Reporter