Business owners had their hopes dashed of an easy ride in today's Autumn Budget after a triple whammy of tax hikes targeting them were announced.
Chancellor Rachel Reeves revealed significant changes to capital gains tax (CGT), inheritance tax (IHT) and employers' national insurance contributions (NIC), that have left business owners "feeling the pain", according to one wealth manager. This comes on top of the already leaked minimum wage increases to £12.21 an hour – a 6.7 per cent rise that could see the cost of employing someone on that rate increase by nearly £2,400, according to calculations by AJ Bell. Shalini Khemka CBE, CEO and founder of the entrepreneurial community E2E, said today's Budget shows the current ...
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