Market leading insight for tax experts
View online issue

Life's Not Fair

Peter Stokes, insurance tax partner, Ernst & Young, explains and comments on the proposed changes to life insurance taxation that were announced recently

 
Peter Stokes insurance tax partner Ernst & Young explains and comments on the proposed changes to life insurance taxation that were announced recently
 
The present Government is fond of describing its changes to the tax system as being fair. This often reminds one of George Orwell's doublespeak and never more so than on 23 December last year when Paymaster General Dawn Primarolo authorised the issue of a press release entitled 'Making Taxation of Life Insurance Companies Fairer'.
 
An accompanying note on the Inland Revenue website disclosed that these measures fell into three categories. The first affecting chargeable gains were to come into effect immediately....

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
EDITOR'S PICKstar
Top