Category - Industry news and insights
Here is a summary of items announced in the 2021 Spring Budget that may be relevant to FSL clients. For more detail, please refer to the GOV.UK website and the Overview of Tax Legislation and Rates (OOTLAR) published by HM Treasury and HMRC that provides a comprehensive summary of all the tax-related changes. All the […]
The Office of Tax Simplification (OTS) has published the first report of their review of capital gains tax (CGT). It focuses on the policy design and principles underpinning CGT. The final report, which will follow early next year, will explore key technical and administrative issues. Both reports are based on findings from the OTS’s analysis […]
Yesterday, the Chancellor announced that he has commissioned the Office of Tax Simplification (OTS) to conduct a review of capital gains tax (CGT). The move is being seen as a clear sign that CGT is likely to be one of the taxes that the government will seek to help fill the hole left in public […]
As lockdowns are eased across the world, attention turns to how governments might seek to address the huge bills that have come from trying to combat the effects of the Covid-19 pandemic. Many are speculating about the way in which governments will seek to pay off their debts. In the UK, after a decade of […]
With the announcement of a general election comes masses of manifesto pledges and proposals. We have examined the three main party manifestos to bring you a summary of any proposed changes to taxation. Capital gains tax Conservatives: No changes Labour: Equalise the tax treatment of dividends and capital gains with normal taxable income. Abolish the […]
