Government Announcements

Spotlight - Government Announcements

Business support must not 'fall victim' to spending cuts

The government has announced that the Department for Business, Innovation and Skills (BIS) is to lose £836 million from its budget as part of an initial £6 billion of spending cuts.

Promise to review IR35 is 'welcome'

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

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.

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.

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.

Emergency Budget set for 22 June

The Chancellor, George Osborne, has announced that the emergency Budget will be delivered on Tuesday 22 June 2010.

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.

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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