This is a good start from a Government who seem willing to listen to the concerns and suggestions of the tax profession.
Delivering the first Budget of a new government it was good to see the Chancellor willing to set out frameworks and ‘road maps’ for the whole of the Parliament such as with the five year plan on the reform of corporation tax. These frameworks should – provided they are stuck to! – give us certainty and clarity over the way that rates and allowances will move in the medium term enabling business and individual taxpayers to plan ahead more confidently.
The CIOT welcomes the review of the proposed changes to pensions tax relief. We all understand this is going to be cut back but there must be a better way than the complicated system pushed through before the election. A simple cut in...
