Weekly tax brief - 8 March 2016

In this edition of RSM’s weekly round-up of the most important tax news, we cover the latest developments…

Budget 2016 - where will the Chancellor hide the tax rises?

08 March 2016

The Chancellor likes to surprise and to please, rather like a magician pulling a rabbit from a hat to the delighted gasps of the audience. We also know, and this is a harder truth, that he desperately needs to raise more taxes. In previous Budgets, we have seen tax-raising initiatives masquerading as giveaways, so can we expect more of the same this time around?

A prosecco-popping Budget for middle earners?

08 March 2016

Much has been made in the press over the possibility that the Chancellor may be planning to raise the higher rate threshold more quickly than planned. This is good news for middle income earners - the very people he’s hoping to woo in the lead up to the EU referendum. Now there’s a coincidence…

UK business - what could possibly be left in the red box?

08 March 2016

In his bid to create ‘the most competitive corporate tax regime in the G20’, the Chancellor has already cut corporate tax and introduced a wide range of incentives to help businesses innovate. So the big question is what’s in store for UK businesses?

Could entrepreneurs' relief finally be cut in Budget 2016?

08 March 2016

It’s one of the most valuable reliefs in the capital gains tax system, but could Budget 2016 be the moment that entrepreneurs relief is cut?

Parallel parking

08 March 2016

So how will the Budget affect employees? Salary sacrifice and free parking could fall under the Chancellor’s beady eye, and don’t rule out another raid on the pension pot…

VAT's all folks?

08 March 2016

Last but not least, will the Chancellor surprise us with any announcements around VAT, or will it be a case of ‘VAT’s all folks’?