The system of capital gains tax (CGT) for individuals and trustees changed radically from 6 April 2008. The changes included the abolition of taper relief and indexation allowance and the introduction of a single rate of CGT of 18%. In response to pressure from the business community the Chancellor introduced a new ‘Entrepreneurs’ Relief’ which has [...]
Continue reading...Wednesday, November 5, 2008
This snippet of information will not make you an overnight success in business thats for sure, but one things for certain, not upsetting the Revenue will stand you in good stead for the future. HMRC have been reminding taxpayers to complete paper self assessment tax returns by the new deadline of 31 October 2008. Well that deadline has now passed. [...]
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Wednesday, November 5, 2008
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