John Endacott (PKF Francis Clark) explores the background and the current state of succession planning post-Budget.
In my view Rachel Reeves’ Budget on 30 October was short-sighted misguided and foolish as far as businesses were concerned. The short-term impact of the measures will be hard for traditional businesses across the country to absorb and will limit entry level job creation and investment in towns that could be described as ‘run down’ or ‘left behind’. In large part that is down to the increases in employers’ national insurance but it is also the failure to reform business rates reduce VAT for hospitality or cut stamp duty land tax rates. But it is what it is.
As well as the short-term impact there is a longer-term impact on businesses as far as succession planning is concerned. The Budget contained a major reform to business property relief...
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John Endacott (PKF Francis Clark) explores the background and the current state of succession planning post-Budget.
In my view Rachel Reeves’ Budget on 30 October was short-sighted misguided and foolish as far as businesses were concerned. The short-term impact of the measures will be hard for traditional businesses across the country to absorb and will limit entry level job creation and investment in towns that could be described as ‘run down’ or ‘left behind’. In large part that is down to the increases in employers’ national insurance but it is also the failure to reform business rates reduce VAT for hospitality or cut stamp duty land tax rates. But it is what it is.
As well as the short-term impact there is a longer-term impact on businesses as far as succession planning is concerned. The Budget contained a major reform to business property relief...
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:
