‘Angel investors are to be given more tax breaks to encourage investment in nascent businesses as part of David Cameron’s efforts to build an enterprise culture based on the nation’s “doers and grafters”.
‘Britain is open for business’ said the Chancellor last week as he reiterated the government’s ambition to create the most competitive tax system in the G20.
As Tax Journal readers know, the OTS recently delivered two major reports to the Chancellor. Our brief was to make recommendations that would simplify the tax system; it’s up to the Chancellor which to take forward.
James Bullock reviews the Budget 2011 Tax Proposals
The Tackling Tax Avoidance strategy document is a useful summary of how HMRC are trying to strangle tax avoidance at birth, and if that does not work how it will hunt down avoiders and ultimately put them through costly litigation.
Chris Sanger reviews the Budget 2011 Tax Proposals
Ian Brimicombe reviews the Budget 2011 Tax Proposals
Tax professionals have found a good deal to be positive about in a paper setting out the government’s strategy for tackling tax avoidance – an issue that seems set to assume an even higher profile than it has in recent months.
The Budget was positive for most corporate groups with an extension of capital allowances, no increase to VAT, and the 1% reduction of corporation tax.