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Should you plan ahead before tax changes come in?

There are a number of potentially hard-hitting and expensive tax changes set to come in over the next few months, if we can trust the rumours in the market place at the moment. While many experts are advertising services for consumers and businesses which would attempt to avoid the potential increase in taxation in the short-term, nobody actually knows what these changes are for sure at the moment. So is it dangerous to look ahead?

There's nothing wrong with being ready to react to news on the taxation front but acting on rumours can be very difficult and could be potentially expensive. The truth is that the UK government does not at this moment in time know the exact nature of the future changes and indeed, as we are seeing with the capital gains tax saga, rumoured changes today may be very different when they actually come into play.

The program of change with regards to the UK taxation system will take time to be implemented although there is no doubt that the UK government is looking to increase taxation income as soon as possible to combat the budget deficit. Keep your eyes open as we will be bringing you news on UK taxation issues which may affect your short, medium and long-term future.

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