Next week, Wednesday 8th July, George Osborne will present his first budget of the new parliament.
He has indicated that there will be no hikes in the major taxes: Income Tax, National Insurance, VAT and Corporation Tax. We shall see…
What he will be revealing is how he intends to reduce public expenditure in order to meet his commitments to reduce our growing national debt.
We will likely see further legislation to combat tax evasion and the re-introduction of the few issues that were dropped from the March 2015 Finance Bill in order to expedite matters before the general election.