On 23 March 2021, the Treasury published a series of tax documents and consultations. Despite what many feared, the Treasury do not appear to be targeting Capital Gain Tax yet. This will be welcome news to many business owners and if you have any clients considering a solvent liquidation please give us a call.
Interestingly, it looks like the Government may get the self-employed and businesses to pay their tax more often and earlier in the year. This may have a significant impact on those businesses which are already struggling as a result of the Covid pandemic.