Tax | Treasury consults on tax reliefs for agricultural property

The Treasury has launched a consultation about the scope of agricultural property relief from inheritance tax charges

16 Mar 2023

Tax

Business Tax

Consultations

Tax | Flooring contractor wins £90k VAT appeal

The director of a flooring company has won a First Tier Tribunal (FTT) appeal over VAT assessments totalling £90,753 related to whether VAT had been deliberately evaded by the company

16 Mar 2023

Tax

VAT

HMRC

Tax Compliance

Companies

Accountancy Firms

Tax | Budget 2023: 14-year sentences for tax fraud

Jail sentences of up to 14 years will be introduced for tax fraudsters, while more funding has been set aside for HMRC to tackle tax evasion

15 Mar 2023

Tax

HMRC

Budget

Tax | Budget 2023: apprentice ‘returnerships’ for over-50s

In the Budget, the Chancellor announced plans to help get people back to work, introducing ‘returnerships’ for over-50s

15 Mar 2023

Tax

Budget

Politics

Companies

Accountancy Firms

Tax | Budget 2023: free childcare extended to 30 hours

The Chancellor set out long-term plans to offer up to 30 hours of free childcare for every child over the age of nine months by September 2025

15 Mar 2023

Tax

Personal Tax

Budget

Tax | Budget 2023: film and TV tax breaks go to 34%

In the Budget, the Chancellor has provided a boost for the UK film and TV industry by increasing tax breaks and maintaining the qualifying threshold

15 Mar 2023

Tax

Business Tax

Budget

Politics

Companies

Accountancy Firms

Tax | Budget 2023: £10k money purchase annual allowance

In a Budget measure designed to encourage over 50s back to work, the annual limit on contributions after pension drawdown reverted to £10,000

15 Mar 2023

Tax

Personal Tax

Budget

Tax | Budget 2023: annual allowance for pensions raised to £60k

The Chancellor will raise the pension annual allowance, the annual limit on tax-relieved pension savings, from £40,000 to £60,000

15 Mar 2023

Tax

Personal Tax

Budget

Tax | Budget 2023: full expensing replaces super deduction

In the Budget, the Chancellor replaced the super-deduction tax relief with the three-year ‘full expensing’ regime from 1 April 2023

15 Mar 2023

Tax

Business Tax

Budget

Politics

Companies

Accountancy Firms

Tax | Budget 2023: £1.07m pensions lifetime allowance abolished

After years of reducing the lifetime allowance for pensions, the Chancellor announced plans to abolish the £1.073m limit on savings completely

15 Mar 2023

Tax

Personal Tax

Budget

Tax | Sign up for our Budget webinar on 16 March

It's that time of the year again... the Spring Budget is coming! Sign up to our Budget webinar for the latest insight

15 Mar 2023

Tax

Budget

Tax | Court of Appeal dismisses £250k stamp duty appeal

The Court of Appeal has dismissed an appeal for stamp duty land tax (SDLT) totalling £250,000 for a complex property purchase

15 Mar 2023

Tax

Property Tax

HMRC

Tax Compliance

Companies

Accountancy Firms

Tax | HMRC targets overseas corporate property owners

HMRC is sending letters to overseas entities that have registered on the UK’s Register of Overseas Entities (ROE) warning them that they need to report all UK tax liabilities

15 Mar 2023

Tax

Property Tax

HMRC

Tax Compliance

Tax | HMRC puts pressure on managers over strike action

HMRC has asked members who are managers not to strike on Budget day, claiming they ‘have to balance being a manager with being a union member’

14 Mar 2023

Tax

HMRC

Careers

Leadership & Management

Tax | Investment zones go ahead with £960m fund

Tax breaks and government grants will be given to 12 new investment zones in a £960m programme to support innovation

14 Mar 2023

Tax

Budget