BusinessCorporate FinanceMid-tier accountants call for tax clarity

Mid-tier accountants call for tax clarity

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:

UK200
Group

Parties
set out tax policies for election fight

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