Latest reporting on Chancellor Rishi Sunak's first budget.
Highlights from the broader tax news for the week ending 6 September 2023, including: Autumn Statement date; and CFE tax conference.
Investment zones were refocused at the Spring Budget 2023. They are intended to grow the economy by focusing on places with significant unmet productivity potential and building on their existing strengths. How do they compare to freeports?
Although the underlying rules may not have undergone significant change, payroll reporting processes are evolving and IR35 case law is developing. Find out more in these webinars from ICAEW in May and June.
Assignments of income tax repayments are void from Budget Day. However, HMRC will continue to accept nominations of repayments to third parties, including agents.
Government publishes draft legislation detailing how VAT will be accounted for under statutory deposit schemes.
The UK government is seeking views on whether the VAT zero rate for the installation of energy saving materials should be extended to additional technologies and to installations in charitable premises.
The Finance (No. 2) Bill 2022/23 includes Spring Budget announcements such as the full expensing first-year capital allowance, abolition of the pension lifetime allowance charge and investment zones.
ICAEW’s Tax Faculty explains the technical changes to the business rates system announced alongside the Spring Budget.
ICAEW’s Tax Faculty outlines proposals announced at Spring Budget 2023 that aim to improve and simplify tax administration. Disappointingly, there is no additional funding to improve HMRC’s service performance.
Find out more about changes to rates, DIY housebuilder claims and the VAT healthcare exemption.