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Displaying 1-7 of 7 results
Limited additional funding for HMRC in Spending Review
- Article
- 28 Oct 2021
HMRC’s Spending Review 2021 settlement will see its spending, excluding that ringfenced for COVID-19, increase to £5.2bn per year by 2024/25. ICAEW’s Tax Faculty explains how HMRC might prioritise the £0.9bn funding increase on its 2019/20 settlement.
Budget confirms one-year delay to basis period reform
- Article
- 27 Oct 2021
The government has announced that reforms to the taxation of unincorporated businesses (known as ‘basis period reform’) will go ahead as planned, although implementation has been pushed back to 2024.
An awesome performance, but few tax measures
- Article
- 27 Oct 2021
ICAEW’s Head of Tax on the Budget, which despite announcements on business rates, R&D tax relief and a promise of future tax cuts, provided more political spectacle than detailed tax policy.
Budget aims to boost UK’s attractiveness to business
- Article
- 27 Oct 2021
A number of measures announced in the Autumn Budget are designed to make the UK a more attractive place to do business. ICAEW’s Tax Faculty outlines the key tax-related measures, including changes to R&D reliefs and enabling companies to move their place of incorporation to the UK.
Chancellor cuts universal credit taper rate
- Article
- 27 Oct 2021
Following criticism after the COVID-related uplift to universal credit was removed at the start of the month, Rishi Sunak used the Autumn Budget to announce changes to the taper rate and working allowance to increase support for recipients.
CGT reporting deadline for property sales extended
- Article
- 27 Oct 2021
Following calls from ICAEW the government has confirmed that many taxpayers will now have twice as much time to report and pay capital gains tax after selling property in the UK.
Use Budget to speed up tax modernisation, says ICAEW
- Article
- 05 Oct 2021
Writing to the Financial Secretary to the Treasury, ICAEW’s Tax Faculty has called for the Autumn Budget to accelerate work to build a modern tax system. While urging a “manageable pace” of transition, it cautions against implementing tax changes without consultation, such as the new Health and Social Care Levy.
Displaying 1-7 of 7 results