Tax | Budget 2020: digital services tax will go ahead

Plans for a digital services tax to hit the largest IT digital giants will go ahead from 1 April

11 Mar 2020

Tax

Business Tax

International Tax

Budget

Tax | Budget 2020: personal allowance unchanged

The personal allowance remains at £12,500 for both this tax year and 2020/21 and was left unchanged in the Budget, reports Pat Sweet

11 Mar 2020

Tax

Personal Tax

Budget

Tax | Budget 2020: non-UK resident SDLT surcharge introduced

At Budget 2020 Chancellor Rishi Sunak announced a non-UK resident stamp duty land tax (SDLT) surcharge, with the money raised to be used to help address rough sleeping, reports Pat Sweet

11 Mar 2020

Tax

Budget

Tax | Budget 2020: structures and buildings allowance rate increased

In a Budget focused on supporting businesses through the current coronavirus crisis, the Chancellor announced a 1% increase in capital allowances under the structures and buildings allowance

11 Mar 2020

Tax

Business Tax

Property Tax

Budget

Tax | Budget 2020: entrepreneurs’ relief limit cut to £1m

The Chancellor Rishi Sunak will not abolish the hugely controversial entrepreneurs’ relief but will slash the lifetime limit with special provisions for disposals agreed before 11 March but not completed, reports Sara White

11 Mar 2020

Tax

Business Tax

Budget

Tax | Budget 2020: major business rates review

The Budget saw the Chancellor announce the launch of a fundamental review of business rates, due to report in the autumn, as he also revealed a number of short-term initiatives designed to mitigate the impact of coronavirus

11 Mar 2020

Tax

Budget

Tax | Budget 2020: plastic packaging tax outlined

The Chancellor provided updated details of the proposed plastic packaging tax in the Budget, which have been amended in response to an earlier consultation and will now be subject to a further review

11 Mar 2020

Tax

Budget

Tax | Budget 2020: zero-emission cars exempt from VED

As an incentive to reduce carbon emissions the Chancellor has announced that zero-emission cars registered from 1 April 2017 with a £40k price tag will be exempt from road tax, but road tax will increase for other vehicles, reports Zak Jakubowski 

11 Mar 2020

Tax

Budget

Tax | Budget 2020: post-Brexit duty-free limits up for review

The government plans to consult on the duty-free limits of alcohol and cigarettes available to airline and ship passengers in a post-Brexit world 

11 Mar 2020

Tax

Personal Tax

Consultations

Budget

Tax | Budget 2020: green tax break for whisky industry

In today’s Budget Chancellor Rishi Sunak said the government is expanding its support for the whisky industry by freezing spirits duty for this year and providing funding for the distillery industry to ‘go green’

11 Mar 2020

Tax

Budget

Tax | Budget 2020: HMRC coronavirus helpline set up

HMRC has a set up a dedicated phone helpline to support businesses and self-employed people concerned about not being able to pay their tax due to covid-19

11 Mar 2020

Tax

HMRC

Tax Compliance

Budget

Business

Companies

Tax | Budget 2020: short haul air passenger duty frozen

Long haul rates of air passenger duty (APD) will increase in line with retail price index (RPI), as short haul rates are frozen pending a review of departure taxes

11 Mar 2020

Tax

Budget

Tax | Budget 2020: VAT on digital publications abolished

Chancellor Rishi Sunak has used his first Budget to announce the abolition of what he called ‘the reading tax’, stating that there would be no VAT charged on books, magazines or journals regardless of format from 1 December

11 Mar 2020

Tax

Personal Tax

Budget

Tax | Budget 2020: £500m for rapid car charging hubs

Chancellor Rishi Sunak is planning a £1bn investment in green transport including new rapid car charging hubs which will ensure cars are never more than 30 miles away from a charging hub, reports Zak Jakubowski

11 Mar 2020

Tax

Budget

Tax | Budget 2020: NIC threshold cut confirmed

Chancellor Rishi Sunak confirmed the planned increase in the national insurance contribution (NIC) threshold, which will go up from £8,632 to £9,500 from April, reports Pat Sweet

11 Mar 2020

Tax

Personal Tax

Budget