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 […]
VAT provisions for drink deposit return schemes
[ad_1] Government publishes draft legislation detailing how VAT will be accounted for under statutory deposit schemes. With Scotland’s deposit return scheme being launched on 16 August 2023, the UK government has asked for feedback on its proposals for the VAT treatment of these schemes. Under the proposals, the deposit amount will be excluded from the […]