Coronavirus has significantly affected not only world health but world wealth too. The UK government has provided unprecedented levels of financial support but balancing the books will eventually become inevitable.
Where does the government start? Traditionally it would have considered three options: spending cuts, tax rises or accept a deficit.
The Chancellor’s request for the Office of Tax Simplification (OTS) to review Capital Gains Tax (CGT) with a view to ‘simplification’, has led to speculation of CGT rises. But as CGT receipts are relatively low, any increases would have to be dramatic to make a...
