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 […]
Treasury Committee reports on abolition of the OTS
[ad_1] The House of Commons Treasury Select Committee calls for enhanced accountability of government efforts to simplify the UK’s overcomplicated and burdensome tax system. The abolition of the Office for Tax Simplification (OTS) is due to be given statutory effect by the enactment of Finance (No. 2) Bill 2023. The report, published on 16 June […]
House of Lords reports on R&D reform
[ad_1] The Economic Affairs Finance Bill Sub-Committee report on draft clauses in the Finance Bill 2022–23 focused on the reforms to research and development (R&D) tax relief that apply from 1 April. These include changes to the definition qualifying R&D expenditure and administrative provisions for making claims. The Economic Affairs Finance Bill Sub-Committee has welcomed […]
NAO reports on tax compliance following COVID-19
[ad_1] The National Audit Office (NAO) reports on the impact of the pandemic on HMRC’s ability to carry out compliance activities. The report makes recommendations to maximise the effectiveness of these activities going forward. The report on tax compliance, published on 16 December, makes a distinction between upstream and downstream compliance work carried out by […]