Government tax changes and the Henry proposals: the good, the bad and the ugly for SMEs

[Extract] On 2 May 2010 the Government released the long awaited Henry Tax Review and announced its initial response. Of the 138 Henry reform proposals a few were taken up, some rejected outright and the majority left for future consideration. This paper focuses on the main proposals, both adopted and foreshadowed, that will impact on the SME market. The paper will not deal with the social security and resources tax reforms