Labour Planning a Crackdown on “unfair tax breaks”

Tax Saving Accountants

20 Apr 15

Labour Planning a Crackdown on “unfair tax breaks”

The UK Labour Party has promised to crack down on unfair tax breaks, which are used by private-equity and hedge funds, in an attempt to win over voters before the election in May.

Labour has also reiterated its plants to introduce a levy for bankers’ bonuses, which would see funds going towards a youth employment program, and is aiming to close the non-domicile rules in the UK, which allows the wealthiest individuals in Britain to dodge taxes on some of their income.

Now that there are less than four weeks to go until voting, Labour and the Conservative-Liberal Democrats are neck and neck in the polls.

Labour is also planning to completely abolish the current non-domicile status in the UK, which allows wealthy citizens to avoid taxes on income from outside of the country if they are a resident overseas.

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Stonehouse Accountants in Peterborough, Cambridgeshire are a full service public accountancy practice offering accountancy services to companies and sole traders in Peterborough and throughout Cambridgeshire. We specialise in Bookkeeping, annual accounts, tax planning, business planning & more; which includes bookkeeping, bookkeeping accounts and bookkeeping services. If you are thinking of changing accountants and you are wondering what the next step might be, please contact Stonehouse Accountants in Peterborough where we will be happy to meeting up with you. Stonehouse Accountants have a good reputation for being a small, friendly and focused two partner public accountancy practice. We have years of experience and understanding of how small and medium size businesses work – you will get strong support in all areas of tax, vat, annual accounts and dealing with dss officials.

Labour Planning a Crackdown on “unfair tax breaks”

Tax Saving Accountants

Labour Planning a Crackdown on “unfair tax breaks”

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