Spending review presages tax rises
The stark picture of an emerging ‘economic emergency’ painted by the Chancellor’s spending review has prompted predictions of significant tax rises in the year ahead, and potentially over the lifetime of this Parliament.
Chris Sanger, EY’s head of tax policy, pointed out that In addition to the government direct spending response on Covid, the Office for Budget Responsibility (OBR) spending review document reveals there have been no less than 26 tax measures since the Chancellor’s formal pre-Covid Budget proposals in March.
Read more at Accountancy Daily.
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