Welcome to the latest edition of the BDO Financial Services Tax Newsletter, where we bring you key updates and insights on tax developments within the Financial Services industry.
In this edition of our Financial Services Tax Newsletter, we focus on the latest developments as we approach Budget 2025. With the pre-Budget atmosphere in full swing, the recent release of the Tax Strategy Group (TSG) papers provides a valuable glimpse into potential tax policy changes. The TSG, established in the early 90s and composed of senior officials and political advisers from various civil service departments, offers a range of options and issues for consideration. While the TSG itself is not a decision-making body, their insights often signal possible directions in tax policy.