Latest reporting on Chancellor Rishi Sunak's first budget.
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 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.
ICAEW’s Tax Faculty summarises the key tax announcements from the Chancellor’s Budget speech, including pension and capital allowance reforms.
Experts from across ICAEW and the Tax Faculty will be providing their perspectives on Jeremy Hunt’s Spring Budget on 15 March. Find out how to follow ICAEW’s reaction to the announcements on Budget Day and the following week.
In early February 2023, the European Commission (EC) published A Green Deal Industrial Plan for the Net-Zero Age. Ahead of the Spring Budget, what tax policy ideas could the UK government take from the plan?
An eight-week consultation has been launched following the Autumn Statement announcement of a simplified, single RDEC-like scheme.
Highlights from the broader tax news for the week ending 21 December 2022, including: Spring Budget date announcement; the Scottish budget 2023-24; marginal relief calculator; spotting payroll company fraud; alcohol duty freeze extension; and taxation of transferred basic life assurance and general annuity business.
ICAEW’s Tax Faculty explains when to expect legislation for various measures announced at the Autumn Statement.
The Chancellor has confirmed that headline rates of income tax and capital gains tax (CGT) will remain at their current levels. However, there were various reductions in key thresholds and allowances, and several others were frozen for longer than previously announced.