Draft legislation published for some Spring Budget measures
[ad_1] The Spring Finance Bill contains legislation which increases the thresholds for the high income child benefit charge and abolishes multiple dwellings relief for SDLT. Finance (No. 2) Bill 2024 has been introduced into Parliament. The Bill sets the rates of income tax for 2024/25 and the rates of corporation tax for financial year 2025 […]
Spring Budget 2024: the measures you missed
[ad_1] ICAEW’s Tax Faculty scans the Spring Budget documents for other tax-related announcements that didn’t make the headlines. ICAEW’s Tax Faculty covered all the major Spring Budget measures on the day. This includes: A selection of other announcements is included below. It is expected that Spring Finance Bill 2024 will be introduced shortly. Tax administration […]
Spring Budget 2024: measures for business
[ad_1] As promised in the Autumn Statement, the Chancellor used the Spring Budget 2024 to announce a suite of tax relief changes to incentivise and support growth in the UK’s creative sector. Enhanced tax credit for British films The budget also promised a new enhanced audio-visual expenditure credit that will apply to films with a […]
ICAEW-hosted Labour Business Network analyses Spring Budget
[ad_1] Business rates, SME late payments and net zero were among subjects tackled by Shadow Secretary of State for Business and Industrial Strategy, Jonathan Reynolds MP, in an ICAEW-hosted business Q&A. Labour MP Jonathan Reynolds, Shadow Secretary of State for Business and Industrial Strategy, criticised last week’s Budget for failing to adequately address issues facing […]
Key measures in Spring Finance Bill 2023
[ad_1] The Finance (No. 2) Bill 2022/23 includes Spring Budget announcements such as the full expensing first-year capital allowance, abolition of the pension lifetime allowance charge and investment zones. While the government has already consulted on several of the clauses in Finance (No.2) Bill 2022-23, in draft legislation released on 20 July 2022, many of […]
Spring Budget 2023: Tax administration and simplification
[ad_1] ICAEW’s Tax Faculty outlines proposals announced at Spring Budget 2023 that aim to improve and simplify tax administration. Disappointingly, there is no additional funding to improve HMRC’s service performance. Prior to the Budget, ICAEW called for action to address poor HMRC service standards. Unfortunately, the government has not responded, although it is not clear whether […]
VAT and duties changes in the Spring Budget
[ad_1] Find out more about changes to rates, DIY housebuilder claims and the VAT healthcare exemption. In an attempt to ease pressure on GP services, the Chancellor will extend the VAT exemption on healthcare from 1 May 2023 to include medical services carried out by staff who are directly supervised by registered pharmacists. The zero […]
How to follow ICAEW’s reaction to the Spring Budget
[ad_1] Experts from across ICAEW and the Tax Faculty will be providing their perspectives on Jeremy Hunt’s Spring Budget on 15 March. Find out how to follow ICAEW’s reaction to the announcements on Budget Day and the following week. From live updates on Twitter to tax-related announcements, ICAEW will be providing a range of content […]