Blog: How could the Spring 2021 Budget affect insurance brokers?


With the Budget looming, PKF Littlejohn’s tax lead, Chris Riley, gives Insurance Age readers a first look at his predictions and considers the tax threats to brokers including IPT, VAT, corporation tax and the EIS scheme.

Is Capital Gains Tax (CGT) rising?
It’s been impossible to avoid media coverage on potential increases to capital gains tax. The rumours follow the big change that cut availability of entrepreneurs’ relief to £1m of gains in 2019 and changed the name of the relief to Business Asset Disposal Relief (BADR). 

One thing we learned last year was that the Government wasn’t shy to make a shock change, with the reduction taking immediate effect rather than at the end of the tax year.

So, in case CGT

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CII adds SEIB CEO Middleton to board

The Chartered Insurance Institute has appointed Suzy Middleton, CEO of SEIB Insurance Brokers, to engagement board member of personal finance, along with two other selections.

Broking Success: Fiercely independent

Paul Wadsworth, managing director of FR Ball, is looking to grow the business to £24m gross written premiums as it aims to offer soft landings for acquisitions.

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