Haven’s above: How ‘no deal’ Brexit could bring tax hikes or tax haven status
As Brexit negotiations continue to stall and rhetoric around leaving the EU without a deal increases, rumours abound that tax rates will be slashed in response. Alternatively, a ‘no deal’ scenario could also bring a change in government and with it the possibility of increased tax rates. So, what might a ‘No Deal Britain’ mean for individuals in these two polarised scenarios?
Can taxpayers trust HMRC’s guidance?
HMRC provide a range of advice to help taxpayers navigate their tax returns, but a recent Office of Tax Simplification report raises some important issues around whether taxpayers can rely on HMRC guidance. Taxpayers need to know where they stand.