Ten tax predictions ahead of the Autumn Statement

AUTUMN STATEMENT

With the Autumn Statement just days away, the tax specialists at Baker Tilly have revealed what they think will be George Osborne's big changes.

1. Investment management and related services Baker Tilly expects a clarification of the rules and for HM Revenue & Customs (HMRC) to issue guidelines on what VAT liability there is and where it applies. 2. A cap on income tax reliefs This would typically hit high earners who benefit from, for example, share loss reliefs and property loss reliefs. 3. A reduction of the annual allowance for pension contributions Currently the annual allowance is £50,000 a year. This could be reduced to £40,000 a year, which would save the Treasury about £600m each year, or even £30,000. The total...