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Tax | Budget 2017: corporation tax interest restriction rules

Amendments to the corporate interest restriction rules have been announced as part for the Budget covering derivative contract debits and credits

22 Nov 2017

Tax | Budget 2017: fuel rates frozen for eighth year

In his Autumn budget, Chancellor Philip Hammond announced that the fuel duty rise, which was scheduled for April 2018, has been cancelled and rates have been frozen at 57.95 pence a litre for the eighth year, saving the average driver £160 a year

22 Nov 2017

Tax | Budget 2017: online VAT fraud clampdown extends liability

The government is to extend HMRC’s powers to combat online VAT fraud, with new legislation to be effective from April 2018, the Chancellor announced in the Budget

22 Nov 2017

Tax | Budget 2017: private sector set to face IR35 review

Chancellor Philip Hammond shied away from announcing confirmed action on a number of employment-related tax issues in his Budget speech, but the Treasury has said it will be consulting on how to tackle non-compliance with IR35 intermediaries legislation in the private sector next year

22 Nov 2017

Tax | Budget 2017: company car tax on diesel cars increases by 1%

From April 2018 the company car tax diesel supplement will increase to 4% from 3% for diesel cars that do not meet emission standards, while cars that do meet the standards will have the diesel supplement scrapped

22 Nov 2017

Tax | Budget 2017: business rates to be linked to CPI instead of RPI

Several changes to the business rates regime including shorter intervals between revaluations and a switch from the Retail Price Index (RPI) to the Consumer Price Index (CPI) have been announced by the Chancellor as part of the Budget

22 Nov 2017

Tax | Budget 2017: higher rate SDLT rules clarified for divorce-related sales

The Chancellor has introduced a measure to grant relief from tax due under the higher rates of stamp duty land tax (SDLT) in certain cases, including where a divorce related court order prevents someone from disposing of their interest in a main residence

22 Nov 2017

Tax | Budget 2017: CGT extended to all non-resident gains

The Budget outlines proposals to extend capital gains tax (CGT) to all non-resident gains from April 2019 in a measure set to bring in up to £160m annually

22 Nov 2017

Tax | Budget 2017: CGT carried interest rules tightened

The Budget includes a measure to remove certain transitional rules that are no longer required for the effective taxation of amounts of carried interest that are charged to capital gains tax (CGT) under the carried interest rules which took effect from 8 July 2015

22 Nov 2017

Tax | Budget 2017: EIS investment limits doubled

The annual allowance for people investing in knowledge-intensive companies through the Enterprise Investment Scheme (EIS) is to double, Chancellor Philip Hammond has confirmed in the Budget

22 Nov 2017

Tax | Budget 2017: first year VED rate increased for new diesel cars

As part of government plans to improve air quality, from April 2018 diesel cars will have their first year rate of Vehicle Excise Duty (VED) increased by one band unless they meet emission standards, as announced by the Chancellor in the Autumn Budget

22 Nov 2017

Tax | Budget 2017: stamp duty sub-£300k purchases abolished for first-time buyers

From 22 November 2017 first time buyers paying £300,000 or less for a residential property will pay no stamp duty land tax (SDLT), saving up to £1,500 on their first home purchase

22 Nov 2017

Tax | Budget 2017: R&D tax relief increased to 12%

Tax relief for research and development (R&D) is to be increased from 11% to 12%, Chancellor Philip Hammond has confirmed in the Budget

22 Nov 2017

Tax | Budget 2017: tax break on electricity provided to charge vehicles at work

As an incentive to get more individuals investing in electric vehicles, Chancellor Philip Hammond has announced that there will be no benefit in kind (BiK) charge on the electricity that employers provide to allow employees to charge their electric vehicle

22 Nov 2017

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Tax | Budget 2017: digital companies face royalty charge from 2018

Chancellor Philip Hammond said the new digital economy raised wider concerns about the tax system, and indicated in his Budget that the UK intends to take action ahead of reaching agreements at an international level about the way forward

22 Nov 2017

Tax | Budget 2017: higher rate threshold rises to £46,350

Chancellor Philip Hammond has announced that the income tax personal allowance will rise for the eighth year in a row to £11,850, and the higher rate threshold will increase to £46,350, from April 2018

22 Nov 2017

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Latest news

Tax | Budget 2017: corporation tax interest restriction rules

Tax | Budget 2017: fuel rates frozen for eighth year

Tax | Budget 2017: online VAT fraud clampdown extends liability

Tax | Budget 2017: private sector set to face IR35 review

Tax | Budget 2017: company car tax on diesel cars increases by 1%

Tax | Budget 2017: business rates to be linked to CPI instead of RPI

Tax | Budget 2017: higher rate SDLT rules clarified for divorce-related sales

Tax | Budget 2017: CGT extended to all non-resident gains

Tax | Budget 2017: CGT carried interest rules tightened

Tax | Budget 2017: EIS investment limits doubled

Tax | Budget 2017: first year VED rate increased for new diesel cars

Tax | Budget 2017: stamp duty sub-£300k purchases abolished for first-time buyers

Tax | Budget 2017: R&D tax relief increased to 12%

Tax | Budget 2017: tax break on electricity provided to charge vehicles at work

Tax | Budget 2017: digital companies face royalty charge from 2018

Tax | Budget 2017: higher rate threshold rises to £46,350