EU VAT in the digital age package: ICAEW responds
[ad_1] ICAEW’s Tax Faculty members provide comments on the European Commission’s legislative proposals. The EU commission recently consulted on its legislative proposals to implement its VAT in the digital age (ViDA) package. The commission made proposals for a directive, a regulation and an implementing regulation with respect to the introduction of its proposals. The ViDA […]
Scotland’s additional dwelling supplement: ICAEW responds
[ad_1] ICAEW expresses disappointment at the scope of inherited interest rules and highlights possible improvements to the draft legislation. The Scottish government plans to make several changes to the rules concerning when the additional dwelling supplement applies to residential property purchases. Commenting on the draft legislation in ICAEW REP 29/23, ICAEW’s Tax Faculty expressed disappointment that […]
ICAEW responds to proposed merger of R&D schemes
[ad_1] The government has suggested merging the two research and development (R&D) tax relief schemes to reduce complexity and mitigate fraud, while seeking to improve efficiencies in generating investment. HM Treasury’s consultation on R&D relief seeks views on the consolidation of the SME research and development (R&D) scheme and the research and development expenditure credit […]
Tax Faculty responds to HMRC draft guidance on R&D tax relief
[ad_1] ICAEW’s Tax Faculty identifies a number of aspects and scenarios where considerable uncertainty remains in its response to HMRC’s draft R&D guidance. Changes to the research and development (R&D) tax relief rules will be introduced from 1 April 2023. HMRC published draft guidance on some of these changes on 22 December 2022. It includes […]