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The general election, which in a parallel universe has brought ‘strong and stable’ government has apparently brought only confusion and the return of Michael Gove to the Cabinet. Initial thoughts on the effect of the election for tax purposes have come to ‘Taxation Towers’ from various sources.
The general election which in a parallel universe has brought ‘strong and stable’ government has apparently brought only confusion and the return of Michael Gove to the Cabinet. Initial thoughts on the effect of the election for tax purposes have come to ‘Taxation Towers’ from various sources.
George Bull senior tax partner at RSM said: ‘With the UK now facing the certainty of a hung parliament the tax consequences are anything but clear. The next days and weeks may see a new leader for the Conservative Party a coalition government or even another election. For the sake of all taxpayers it’s important that the party or parties forming the next government should quickly get a grip on taxes. There are three pressing challenges.
‘The first is simplification. The UK needs a simpler tax system which is driven by evidence-based policies and underpinned by a desire...
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