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  • On Top of Tax: What the General Election result means for UK taxes Register

On Top of Tax: What the General Election result means for UK taxes

Date: 31 January 2020
Time: 08:30 - 10:30
55 Baker Street
London  W1U 7EU
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James Egert
  • Summary

Join us for this seminar where we will consider the tax changes the Conservatives have promised ahead of the Chancellor's Budget taking place on Wednesday 11 March 2020.

The new UK Government has been formed by the Conservative Party, and its policies will set the tax agenda for 2020 and the following four years.

Some examples of the potential impact of the Budget include:

  • Business Taxes: the Conservative party pledged to set the rate for 2020/21 and the rest of the new parliament at 19% - businesses will need to revisit their deferred tax calculations
  • Employer issues: Employers should be preparing for a significant increase in the National Minimum Wage (NMW) from April 2020 as well as changes to off payroll labour legislation
  • Personal taxes: A pledge to ‘review and reform’ entrepreneurs’ relief from capital gains tax, an intention to raise the annual NIC starting threshold
  • Get Brexit Done! The UK will officially leave the EU during 2020 (the intended date is 31 January) - we will discuss again what this means for your business
  • Tax Avoidance and Tax Evasion: the Conservatives proposed to double the maximum prison term to 14 years for individuals convicted of the most serious types of tax fraud