Mid-tier accountants call for tax clarity
Accounting group calls for clarity on tax policy
Accounting group calls for clarity on tax policy
The Liberal Democrat-Conservative coalition need to come clean on their
agreed tax proposals as soon as possible, an accounting group has warned.
The
UK200
Group, which represents mid-tier accounting firms, said the government
needed to end uncertainty surrounding their new tax proposals.
“It is now clear that the Lib Dems’ ‘mansion tax’ plan will be dropped, which
is obviously a good thing and I assume the hare-brained idea to levy VAT on new
homes will also go,” said David Whiscombe, a partner at BKL Tax in London and a
member of the Group’s tax panel.
“It seems to be more or less established that the rate of CGT will increase
substantially, perhaps to be at the same rate as income tax, which will require
a fundamental re-think of much tax planning that has been undertaken in recent
years.”
Further reading:
Parties
set out tax policies for election fight
The numbers you crunch tell a story. Your expertis...
14yEmbracing 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 articleWe all understand the role of lawyers in an arbitration, to argue over points of liability and who was at fault. But most commercial cases are brought...
View articleAn anonymous corporate finance veteran with over 20,000 hours of experience unlocks invaluable insights by pulling back the curtain on the rarely seen...
View articleThe UK's National Living Wage increase to £11.44/hr demands significant adjustments in payroll and reporting for accountants, impacting compliance, fi...
View articleThis regulatory update aims to simplify the reporting process, reduce administrative burdens, increase accuracy, and provide real-time reporting capab...
View articleTechnology could enable this by allowing teams to 'speak the same language' Read More...
View articleBegbies Traynor had a strong first half to its year, buoyed by increased revenue and a number of acquisitions Read More...
View articleRicky Shankar, Chairman of Clear Factor, explains how his own experience with banks led to the creation of Clear Factor - a decentralised global invoi...
View articleLooking at spending patterns of more than 1000 Spendesk users in 35 European countries, making 800,000 transactions totalling over €120million, the ‘S...
View article