Chancellor confirms full expensing will be permanent

The full expensing regime will not expire on 31 March 2026 and will be made permanent, the Chancellor announced at the Autumn Statement on 22 November 2023. The full expensing regime allows companies to claim 100% capital allowances for expenditure on qualifying plant and machinery. This means that companies paying the main rate of corporation […]

Full review of tax reliefs would impose uncertainty, says FST

The government has responded to the Treasury Committee’s call for a wholesale review of tax reliefs. In the summer, a Treasury Committee report concluded that a “comprehensive and systematic” review of all tax reliefs is needed to identify opportunities for simplification.  Responding to that report, the Financial Secretary to the Treasury (FST), Victoria Atkins, states that […]