I have been asked this question yet again today. I have a five step plan:
1) Increase the tax threshold at which tax is paid by £1,000 for everyone. For most people this will reduce their tax liability by £200 - the value that (near enough) the 10p band gave them;
2) Reduce the standard rate band […]
I want to reiterate something Michael Meacher said in the House of Commons last night, based on research I have done. He said:
It is probably little known that although United Kingdom-based individuals hold some £284 billion in shares or UK-based unit or investment trusts, the total declared disposal value of quoted shares in 2004-05-the last […]
For those who don’t know today is UK budget day. This is what I want to hear and might hope for:
1) A commitment to introduce a general anti-avoidance principle to tackle tax avoidance;
2) A UK commitment to extending the EU Savings Tax Directive to companies and trusts and an undertaking to make sure our Crown […]
The Independent reports that:
Simon Walker, chief executive of the British Private Equity and Venture Capital Association (BVCA), has warned that growing resentment of government tax changes could cause as many as 100 buyout firms to quit Britain for tax havens abroad.
He said that he was aware of an increased number of approaches from Swiss tax […]
This is the text of the Chancellor’s statement on capital gains tax, to be made today:
CAPITAL GAINS TAX
CHANCELLOR ALISTAIR DARLING’S STATEMENT
24 JANUARY 2008
With your permission, Mr Speaker, I would like to make a short statement on capital gains tax reform.
Mr Speaker, following discussion, I am today announcing the introduction of a new capital gains tax […]
PWC’s weekly tax newsletter includes the headline:
PwC’s family business survey notes hunger for simpler UK tax rules and lower rates
If you can work your way through the password minefield the story is here.
And the story is wrong: entirely wrong. It’s political misinformation, yet again.
The evidence is simple to find. The Chancellor delivered simpler tax rules […]
I was at the ICAEW’s Philip Hardman lecture last night. I admit, it’s a bash usually worth attending and this year was no exception.
The lecture was Mike Truman, editor of Taxation magazine and at least once or twice commentator on this blog or issues it raises.
Mike’s theme was simple. It was “can a fair tax […]
Brendan Barber, the TUC General Secretary, has written a piece for the Guardian on Capital Gains Tax.
He has made some adept comments, including:
There has long been a boilerplate complaint from business that the British government’s tax regime is too complicated. Comparisons are made between the number of pages in the standard tax manuals of 1997 […]
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Alastair Darling announced in the Pre-Budget Report:
a major reform of capital gains tax, introducing a single rate of 18 per cent from April 2008, ensuring a more sustainable system that is straightforward for taxpayers and internationally competitive.
And all hell let loose. Everyone from the Institute of Directors to left wing Labour MP George Mudie is […]
