Rhiannon Kinghall Were (Macfarlanes) reviews the tax pledges of the new government.
Looking back the Conservative Party manifesto was relatively restrained on tax in comparison to the manifestos of other parties; however given the majority of seats that the Conservative Party secured in the 2019 election it is unlikely that the chancellor’s first Budget this spring will be so subdued. The first Budget of a newly elected government with a healthy majority bestows the opportunity to take more risks. This Budget will also be the first Budget after the UK’s planned departure from the EU on 31 January 2020 and will be an important political opportunity to set out the new economic framework. In the meantime the manifesto offers a glimpse at what might be in store.
‘Review and reform’ entrepreneurs’ relief
Entrepreneurs’ relief has been under the spotlight for a number of...
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Rhiannon Kinghall Were (Macfarlanes) reviews the tax pledges of the new government.
Looking back the Conservative Party manifesto was relatively restrained on tax in comparison to the manifestos of other parties; however given the majority of seats that the Conservative Party secured in the 2019 election it is unlikely that the chancellor’s first Budget this spring will be so subdued. The first Budget of a newly elected government with a healthy majority bestows the opportunity to take more risks. This Budget will also be the first Budget after the UK’s planned departure from the EU on 31 January 2020 and will be an important political opportunity to set out the new economic framework. In the meantime the manifesto offers a glimpse at what might be in store.
‘Review and reform’ entrepreneurs’ relief
Entrepreneurs’ relief has been under the spotlight for a number of...
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:
