Category - Industry news and insights
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 […]
New guidance was published by HMRC in December 2018 on how they will seek to tax individuals’ profits from cryptocurrencies. In summary, HMRC have identified a number of disposal scenarios where there could be a capital gains tax liability. These include selling cryptocurrencies for money, using them to pay for goods and services, gifting of […]
Below is a summary of the key items announced in 2018 Autumn Budget that may be relevant to FSL clients. For more detail please refer to GOV.UK website. The Overview of Tax Legislation and Rates (OOTLAR) published by HM Treasury and HMRC also gives a comprehensive summary of all the tax-related changes. Corporate Tax: Corporate […]
Following the July 2015 Budget we have made the relevant mandatory changes to the CGiX application and data provided.
