Without wanting to use the much over-used word of uncertainty, it is fair to say that the tax profession is currently in limbo following the election result. The big picture of a hung parliament alongside the pending Brexit negotiations means that it is obvious many tax policy and HMRC matters will be rapidly slipping down the new governments long and pressing ‘to do’ list.

Many will wonder whether the minority government with Democratic Unionist Party (DUP) backing will bring any change in influence over future tax policies. For example, historically the DUP has supported future increases in personal allowances and a higher rate of tax for the wealthiest taxpayers.