Government Announcements

The government has announced that the Department for Business, Innovation and Skills (BIS) is to lose £836 million from its budget as part of an initial £6 billion of spending cuts.
An organisation representing contractors has welcomed the government’s decision to review the IR35 tax system.
The Conservative-Liberal Democrat coalition government has published a broader account of the measures it intends to take in a number of areas.
The Chancellor, George Osborne has pledged that the government will simplify the business tax system and will introduce a five-year plan to reduce corporation tax.
Unease over government plans to raise the rate of capital gains tax for non-business assets seems to be growing.

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