What was already a complicated tax, has been made even more so by the introduction of further reliefs, often of an extremely detailed kind.
In addition, he has still has not tackled his commitment to exempt energy from renewable sources. There is every sign that when he does so the current structure of the tax will be even more difficult to understand and administer.
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals