Entrepreneuers are to receive an increased threshold of £2m on which they
will pay just 10% capital gains tax, instead of the main rate of 18%.
The relief limits are a lifetime limit per individual.
The relief only applies to certain kinds of assets, though there were no
changes in the chancellor’s announcement.
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