PAYING FOR THE PANDEMIC: THE SCOPE FOR TAX RISES IN THE UK
Published on13 November 2020
The increase in UK Government spending provoked by the coronavirus pandemic has been unprecedented in peacetime, thereby making tax rises appear inevitable in coming years – the full version of our briefing note can be viewed here: BRIEFING NOTE.
While sensible tax efficiency is intrinsic to our normal strategic financial planning advice, implementing major tax driven changes is not necessarily the wisest approach and may be counter-productive. In our experience, the concept of not letting the “tax tail wag the investment dog” seems only to have matured as a truism over time. However, in anticipation of higher future taxation, we are entirely cognisant of the ongoing need to review tax, investment and cash flow related matters, as appropriate.