New government, new taxes?

We now have a coalition government between the Conservative and Liberal Democrat parties,

which is expected to adopt tax policies from both constituent parties. The coalition agreement

statement contains a brief note on tax issues. So what changes can we expect to see?

Income Tax

There

Small companies lose out to pay for big company tax cuts

21 May 2010: While many large companies will welcome the corporation tax cut to be announced in the Budget, small companies will lose out from likely changes to capital allowances according to PKF Accountants & business advisers.

Marios Gregori, Tax Partner at PKF says: “For companies with annual profits above £1.5m the expected cut in the headline… Continue reading

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