Posted in Daily £££ Chatter |
Please find below our Budget summary covering the key tax issues in George Osborne’s first Budget. The June Budget had been characterised as ‘the unavoidable Budget’ and the ‘emergency Budget’ and contained a number of very important announcements about tax. These included: The increase in the rate of VAT from 17.5% to 20% to take effect in the new year. The…
Posted in Daily £££ Chatter |
Some more information is emerging on the future of capital gains tax The formal Conservative/Liberal Democrat Coalition Agreement says: ‘We further agree to seek a detailed agreement on taxing non-business capital gains at rates similar or close to those applied to income, with generous exemptions for entrepreneurial business activities’. This wording suggested that CGT rates could be as high as…
Posted in Money Box Monday |
Britain’s Chancellor, George Osborne, will publish his emergency budget on Tuesday 22 June. The announcement will include measures to boost enterprise and “create a fairer tax system”. It is the first budget in which economic forecasts will be supplied by the newly-created Office for Budget Responsibility, instead of by the Chancellor personally. One item likely to be included in the…
