11/04/2022
Finance minister prepares first set of tax measures as part of broader tax reform
The intention is for the government to discuss and reach a political agreement on the measures during November and December 2022.
Tax
11/02/2022
Lack of evidence signals the failure of historic VAT claim
They concluded that NHS Lothian did not have sufficient evidence to support its ‘Fleming’ claim for under-recovered input tax.
11/02/2022
Deloitte Collaborates With AWS to Put Enterprise-Class Banking Solutions in the Hands of Consumers Faster
Deloitte's ConvergePROSPERITY™ BankingSuite on AWS helps customers including Western Union meet customer demand for new digital banking services
11/02/2022
BP profits more than double to £7.1bn amid windfall tax pressure
Unlike Shell, the UK-listed oil giant will pay £695m via the energy profits levy
10/31/2022
OECD tax chief warns of trade wars if global deal is not implemented
Pascal Saint-Amans says last year’s accord on taxing multinationals unlikely to enter rule books soon
10/26/2022
KPMG comments on today’s public sector finances data
“Government borrowing is set to enter an upward trajectory” says Michal Stelmach, senior economist at KPMG UK.
10/21/2022
HMRC tax and NI receipts growth will be music to the Chancellor’s ears
This increase likely reflects the uptick seen in average earnings over the past few months, though is somewhat surprising given the National Insurance threshold was increased to match the Income Tax threshold earlier this year which meant approximately 30
10/21/2022
Chancellor brings forward further Medium-Term Fiscal Plan measures
Smaller measures including increases to share option limits and a higher subscription limit for the Seed Enterprise Investment Scheme also survived.
10/20/2022
10.1% state pension boost at risk as Hunt refuses to commit to triple lock
The policy has now been thrown up in air again after Jeremy Hunt appeared indecisive on the matter.
10/20/2022
Reversal on planned UK dividend tax cut a ‘blow to entrepreneurs’
But delivering a statement in the House of Commons, Hunt told MPs that he would “reverse almost all the tax measures” announced in the growth plan that had not yet been legislated for in parliament.
10/18/2022
On the hunt for UK stability
VAT-free shopping schemes for non-UK visitors to the UK have also been scrapped, along with freezes to alcohol duty.
10/17/2022
Chancellor reverses 'almost all' mini-Budget tax measures
The chancellor said these changes will raise £32bn a year.
10/14/2022
Deputies told time is up...choose tax rises or spending cuts
“In the tax review, we’ve fired around all of the opportunities, if we can call them that. None of them are particularly pleasant.
10/13/2022
Investment could be blown off course as government mulls renewable windfall tax
This could result in a step backwards in our transition towards a greener future and impact jobs in what is still a developing industry.
10/13/2022
Rise in full pension withdrawals triggers tax warning
Over 10,000 pots were accessed without advice in the last financial year
10/06/2022
Bahamas back on EU tax haven blacklist
The island nation was blacklisted along with neighboring Caribbean jurisdictions Turks and Caicos and Anguilla, the latter of which had also previously been removed from the list just one year ago.
10/04/2022
Offshore corporates in HMRC’s sights
Nudge letters are part of HMRC’s ongoing ‘upstream compliance’ effort; a method by which they encourage taxpayers to proactively correct their affairs without the need for direct HMRC intervention.
10/03/2022
VAT and the Travel Industry – UK and wider developments
With travel picking up again following the pandemic, now is a good time to think about how the VAT world has changed, what this means for your business and the further changes that may be coming down the line.
10/03/2022
Changes to the definition of bank: the evolution of taxation in the financial sector
Although presented as a routine update, the changes widen the range of financial services companies that will need to consider the tax definition of a bank.
10/03/2022
Chancellor scraps 45p income tax change in ‘embarrassing’ U-turn
The plans to get rid of the tax were announced in the “mini” Budget last month.