1.General news
1.1 General election results and tax policy
With the general election results in, we have a better idea of
the tax policies that will be applied over the coming five years.
The Conservative party success means that the new Government
intends to introduce a triple lock on tax rate rises for the main
taxes (though no clarity yet over thresholds), additional
inheritance tax nil rate band and further tackling of evasion and
aggressive avoidance.
An additional Finance Bill is expected before the summer recess.
The new Government has already confirmed that it expects to
legislate some of these items within the first 100 days of the new
Parliament. It remains to be seen which issues will make the cut of
the next Finance Bill, but this may include issues such as the
reduction in pension contribution allowances and measures dropped
from the last 'short' Finance Act and the 'dipping into
bank accounts' legislation including clarity over whether
