Changes ahead for agricultural property relief
[ad_1] Environmental land management and ecosystem service markets consultation outcome published, with updated legislation for changes to geographical scope of relief. In 2023, the government held a consultation and call for evidence on the taxation of environmental land management and ecosystem service markets. The consultation outcome, published alongside the Spring Budget 2024, highlights some key […]
ICAEW briefs MPs on key clauses ahead of Finance Bill debates
[ad_1] MPs are scheduled to start debating Finance Bill 2023-24 on 10 January. ICAEW has produced briefings on R&D, pensions, provision of additional data and promoters of tax avoidance. ICAEW’s Tax Faculty has prepared briefings for MPs on Finance Bill 2023-24 clauses covering: the new R&D regime (cl2 and Sch 1 – see ICAEW REP […]
R&D tax relief merger to go ahead despite concerns
[ad_1] Jeremy Hunt has confirmed in the Autumn Statement that the two existing research and development tax relief schemes will merge with effect for accounting periods from 1 April 2024. The UK currently has two schemes for providing tax relief for qualifying research and development (R&D) expenditure: enhanced tax relief and payable credits for qualifying […]
Significant changes ahead for business rates
[ad_1] ICAEW’s Tax Faculty explains the technical changes to the business rates system announced alongside the Spring Budget. Following a consultation, technical changes are being introduced to allow for several significant changes to be made to the business rates system. Ratepayers will need to notify the Valuation Office Agency (VOA) within 60 calendar days of […]