Latest reporting on Chancellor Rishi Sunak's first budget.
21 July: The government publishes a selection of draft clauses together with consultations trailed at the Spring Budget. ICAEW’s Tax Faculty provides a roundup of the key tax developments.
21 July: The government has set out its 10-year strategy for a resilient, adaptable tax administration system that can offer support in the face of human and natural disasters, drive up productivity and build trust.
29 June 2020: HMRC has confirmed its position on top slicing relief on life insurance policy chargeable event gains for 2019/20, but the position for earlier years remains uncertain.
1 June: Reports in the mainstream press suggest that an emergency Budget will be held in the week commencing 6 July, but there has been no confirmation from Treasury.
14 April 2020: the Chancellor has increased the coronavirus emergency response fund to £14.5bn to cover the escalating costs of dealing with the pandemic.
30 March 2020: the Institute for Fiscal Studies (IFS) has suggested that the budgeted fiscal deficit for the financial year starting 1 April 2020 of £55bn could more than triple to £177bn due to the coronavirus pandemic.
17 March 2020: ICAEW’s Tax Faculty summarises HMRC’s latest Employer Bulletins, which included commentary on the Budget announcements and information on the changes to off-payroll working.
13 March 2020: ICAEW chart of the week
Updated 26 March 2020: A dedicated HMRC helpline for businesses and self-employed individuals who have difficulty with paying their tax due to COVID-19 has gone live.
12 March 2020: while there was little on technology itself in Rishi Sunak’s first Budget speech, there was plenty in the accompanying report. Head of ICAEW Technology Faculty Richard Anning picks over the details.