Ten tax predictions ahead of the Autumn Statement

1. Investment management and related services Baker Tilly expects a clarification of the rules and for HM Revenue & Customs (HMRC) to issue guidelines on what VAT liability there is and where it applies. 2. A cap on income tax reliefs This would typically hit high earners who benefit from, for example, share loss reliefs and property loss reliefs. 3. A reduction of the annual allowance for pension contributions Currently the annual allowance is £50,000 a year. This could be reduced to £40,000 a year, which would save the Treasury about £600m each year, or even £30,000. The total...