Tax expert Andrew Jackson looks at potential changes to a wide variety of taxation policies in the wake of Covid-19 and urges advisers to discuss the issues with clients
Much has been said about how the cost of the coronavirus to government should best be met, but unfortunately, there has been very little specific detail. This also comes at a time when many areas of the tax system are being reviewed at a high level by various government bodies. So what changes might be on (or over) the horizon? The Conservative manifesto said that there would be no increases in income tax, VAT, or NI rates. That still leaves capital gains, inheritance tax, stamp duty, and corporation tax - which has already been hit. It also allows for changes to definitions, thresho...
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