Andy Burnham has not ruled out any tax rises in the Autumn budget as the state of the public finances are said to be challenging. He has said that he would adopt a careful approach to tax rises, but what that means will only come out at the budget.

With higher-than-expected government borrowing and increasing inflation does he cut spending or increase taxes, that is the dilemma.

In these uncertain times are you thinking about selling up and taking hard earned profits out of your company. The current business asset disposal relief (BADR) is 18% which has increased from 10% over the last couple of years. Whilst there are no indications that this relief will be touched in the Autumn budget can you take the chance?

If you are considering a member’s voluntary liquidation (MVL) and you would like to discuss how this works, our expertise in this field will provide valuable information and advice so please contact PBC Business Recovery & Insolvency on 01604 212150 (Northampton), 01908 033150 (Milton Keynes), 01234 989150 (Bedford) or email to enquiries@pbcbusinessrecovery.co.uk. Alternatively, visit www.pbcbusinessrecovery.co.uk for further information.

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