The Government has made it perfectly clear that they will not tolerate abuse of the tax system, particularly by the very wealthy
Manchester (PRWEB UK) 21 May 2013
The actual implications of the 2013 budget announcement have been analysed and explained in a brand new Find the Edge article.
The article describes how new legislation has altered the tax burdens placed upon individuals, and gives details about how businesspeople can get the most out of the various allowances available.
It covers changes in the laws surrounding loans from companies to directors, changes in the rate of corporation tax, and the capping of certain tax reliefs.
He said: "Now that most of the dust from the Budget Day announcements has settled, I thought it might be a good idea to highlight some of the more pertinent things to come out of 2013′s Budget, and to explain how they will affect you."
He also covers a current hot potato, which is tax avoidance. He suggests that anyone who believes that may have underpaid in the past, should come forward now in order to arrange favourable repayment terms.
He said: "The Government has made it perfectly clear that they will not tolerate abuse of the tax system, particularly by the very wealthy."
"It is anticipated that there will shortly be a further tightening of the rules, including action intended to prevent high-risk promoters of some tax avoidance schemes from abusing the tax system."
"Opinion within the tax profession is clear. If you believe you may be in contravention of the tax laws, approach a suitably qualified and experienced tax professional for advice on how best to address the issues."
The article can be viewed in full here: http://www.findtheedge.co.uk/finance/accounting-tax-planning/how-will-this-years-budget-affect-you.
Adrian Williams is a tax and accountancy expert, with over 36 years' worth of experience. He is currently working on a business book that is due to be released next year. More about him can be found here: http://www.findtheedge.co.uk/expert-panelist/adrian-williams.
Kenny Goodman, founder of Find the Edge said: "It's easy to be overwhelmed by the budget announcement at first, so this is an excellent guide to the nitty-gritty of the policies and how they will actually affect you."
"Adrian lays out the implications of the different changes to legislation, and makes them easy to understand."
Find the Edge is a business website where industry leaders can share their knowledge, insight, and views. New articles are published on a daily basis, and expert panellists can contribute videos, blogs and audio content.