Small businesses have been given one last chance to change the chancellor’s
plans on capital gains tax, which are expected to be revealed this week after
According to the Daily Telegraph a group of small business owners
will meet with the Treasury on Wednesday to discuss the scrapping of taper
relief and the introduction of a flat 18% capital gains tax rate.
It is believed that chancellor Alistair Darling could make an announcement
before the end of this week.
Business and land owners, in the meantime, are consulting advisers on how to
cash in on the 10% taper relief rate before the flat 18% rate comes into effect
Deals involving fashion retailer LK Bennett and fruit and vegetable delivery
firm Abel & Cole are both believed to have been influenced by the CGT
Land owners are looking into how they can transfer ownership between spouses
to beat the CGT change in April.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states