Government Announcements

Spotlight - Government Announcements

Promise to review IR35 is 'welcome'

An organisation representing contractors has welcomed the government’s decision to review the IR35 tax system.

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Chancellor planning long-term cuts in corporation tax

The Chancellor, George Osborne has pledged that the government will simplify the business tax system and will introduce a five-year plan to reduce corporation tax.

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New 'anxieties' over plans to raise CGT

Unease over government plans to raise the rate of capital gains tax for non-business assets seems to be growing.

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Small firms want the Budget to tackle the deficit

Two new surveys have revealed that large numbers of smaller businesses regard the reduction of the national debt as a priority for the emergency Budget.

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Proposed capital gains tax changes prompt investor worries

Plans by the new government to increase capital gains tax in certain instances so that it more closely matches income tax have raised concerns among investor groups.

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VAT increase may be on the agenda

The plans laid out by the new coalition government could mean a rise in taxes, with VAT a favourite target, experts have warned.

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New national insurance contribution policy wins approval

The new government’s decision to drop the planned 1 per cent increase in national insurance contributions for large numbers of staff has been applauded by a leading business group.

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