Latest reporting on Chancellor Rishi Sunak's first budget.
17 December 2020: Rishi Sunak has confirmed that Budget 2021 will take place on 3 March and will provide further information on COVID-19 support packages.
17 November: Highlights from the broader tax news this week includes: confirmation from the Scottish Government and Welsh Assembly of their planned Budgets, HMRC clarifying VAT liability of school holiday clubs and acceptance of digital signatures for CGT hold-over relief.
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