The Liberal Democrat-Conservative coalition need to come clean on their
agreed tax proposals as soon as possible, an accounting group has warned.
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
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