HMRC prompts companies to review AIA claims

HMRC has written to companies that may need to share their AIA with fellow group members and related companies. 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 this article as an activity […]

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 […]

Treasury Committee urges wholesale review of tax reliefs

In line with evidence from ICAEW, the House of Commons Treasury Committee has concluded that tax reliefs are adding complexity to the UK tax system and are open to abuse. The committee has called for a systematic review of reliefs, alongside greater consultation on new reliefs and measures to better manage existing reliefs. In its […]