The St Albans accountancy firm Gilberts has published its Spring newsletter, which
which highlights various United Kingdom tax changes. For instance, with capital gains tax, the government is ending taper relief, which was originally brought in
by Gordon Brown. Gilberts can advise on strategies for capital gains tax (CGT).
The Labour administration wants to raise more tax from small companies. As previously announced corporation tax is to be raised by 1 percentage point to
21 pct from April 2008 on profits of up to £300,000. In addition, the government is to crack down on income shifting. This follows the Arctic Systems tax case, which HMRC lost but has not stopped it from fighting back.
Gilberts just discusses the changes neutrally. I have added words such as Gordon Brown, Labour and HMRC.
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