21 July: MTD for VAT extended to all VAT-registered businesses from April 2022, with income tax quarterly reporting applying from April 2023. Corporation tax will be consulted on later this year.
Legislation Day 2020
Read the ICAEW’s reaction and analysis of all the announcements on 21 July 2020
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.
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 Office of Tax Simplification and Treasury Select Committee, respected influencers of tax change, make similar recommendations to change the taxation of small businesses and redress the issues highlighted in recent months.