Finance Act 2024 receives Royal Assent
[ad_1] The Finance Bill 2023-24 became the legally binding Finance Act 2024 on 22 February 2024. As a result, a number of measures take effect from that date. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your […]
House of Lords reports on Finance Bill measures
[ad_1] House of Lords agrees with the Tax Faculty recommendation that the start date for merged scheme for R&D tax relief should be delayed. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading […]
Consultation on tax simplification for alternative finance
[ad_1] The government has proposed changing the capital gains tax (CGT) rules to ensure that alternative finance arrangements are taxed in the same way as other arrangements. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen […]
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 […]
Autumn Finance Bill and NIC Bill
[ad_1] ICAEW’s Tax Faculty highlights the key measures included in the Autumn Finance Bill and the NIC Bill. Following the Autumn Statement 2023, the government has published two bills. The Finance Bill 2023-24 (also known as the Autumn Finance Bill) was published on 29 November. The bill reflects changes made as a result of the […]
ICAEW responds to draft Finance Bill 2023-24 provisions
[ad_1] The Tax Faculty provided input on measures relating to the proposed merged R&D tax credit scheme, tougher measures for promoters of tax avoidance, changes to data HMRC collects from customers and abolishing the pensions lifetime allowance. A consultation on draft clauses for inclusion in Finance Bill 2023-24 was launched on 18 July. ICAEW’s Tax […]
Finance (No.2) Act 2023 receives Royal Assent
[ad_1] Finance (No. 2) Act 2023 received Royal Assent on 11 July, bringing into law various tax measures with effect from that date. Full expensing, the abolition of the pension lifetime allowance charge, and many other measures come into force. Royal Assent of Finance (No. 2) Act 2023 was granted on 11 July 2023. Many […]
ICAEW considers taxation framework for decentralised finance
[ad_1] The Tax Faculty supports implementing a regime for taxation of decentralised finance (DeFi) involving the lending and staking of cryptoassets. However, it is vital that any regime is simple for individual investors to understand and abide by. Following HMRC’s previous call for evidence on the taxation of DeFi lending and staking, its further consultation […]
Key measures in Spring Finance Bill 2023
[ad_1] 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. While the government has already consulted on several of the clauses in Finance (No.2) Bill 2022-23, in draft legislation released on 20 July 2022, many of […]