Spring Budget 2024: the measures you missed
ICAEW’s Tax Faculty scans the Spring Budget documents for other tax-related announcements that didn’t make the headlines.
Features and articles from ICAEW related to income tax in the UK personal tax regime.
ICAEW’s Tax Faculty scans the Spring Budget documents for other tax-related announcements that didn’t make the headlines.
From April 2025, taxpayers will no longer be able to treat their property business as a furnished holiday let (FHL). Stamp duty land tax multiple dwelling relief (SDLT MDR) will be abolished from 1 June 2024.
ICAEW’s Tax Faculty examines the latest MTD publications, including the amended MTD ITSA regulations and the government’s response to the public accounts committee report on MTD.
Highlights from the broader tax news for the week ending 28 February 2024, including: a new income tax exemption for the Champions League final, tips from HMRC on paying PAYE and filing an ATED return; and the EU’s new digital system for union goods.
The government has announced improvements and legislative changes intended to increase the use of HMRC’s online income tax services.
ICAEW’s Tax Faculty provides a summary of the key changes taking effect from 1 April 2024 for companies and 6 April 2024 for individuals and unincorporated businesses.
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Richard Jones considers the changes provided for by Finance Bill 2023-24 to the cash basis for trades subject to income tax.
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Mei Lim Cooper looks at some of the useful changes made by Finance (No. 2) Act 2023 to simplify the rules for trusts and estates. Most of the measures take effect from 6 April 2024.
While a record 11.5 million self assessment tax returns were filed by 31 January, the number missing the deadline increased by 100,000.
Highlights from the broader tax news for the week ending 31 January 2024, including: Finance Bill 2023-24 amendments; the administration of Scottish and Welsh income tax; changes to insolvency guidance for VAT; and updated HMRC guidance relating to collective investment vehicles.