The UK now possesses the longest tax code in the world. Joanna Faith asks industry experts for their views on the key points to look out for in the coming fiscal year.
It’s official. The UK has the longest tax code in the world, recently surpassing India to take home the coveted prize. George Osborne broke the good news during last month’s Budget speech. Although the Chancellor pledged to simplify the tax system by abolishing 43 complex reliefs and wiping out 100 pages from the code, there is obviously still a long way to go. Effective tax planning, therefore, remains a must. So, as we finish one tax year and enter another, we ask a range of tax experts for their top tips for you to pass onto your clients. 1. USE YOUR PERSONAL ALLOWANCE The per...
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