Chancellor expected to announce reprieve for small businesses
The Chancellor Alistair Darling was today expected to announce a climbdown on controversial proposals to introduce a new flat rate capital gains tax of 18%.
Following heavy pressure from business leaders, Darling was expected to halve the flat rate of 18% for at least the first £750,000 of gains made by the buying and selling of assets. The news will be welcomed by small businesses including brokers planning to sell some or all of their business, who can now expect to pay signifcantly less tax.
The measures are expected to cost the government up to £200m in lost revenue. The new capital gains tax regime will be announced today (Thursday) and will come into effect on April 1.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
