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Tax | Budget 2015: farmers given boost as R&D tax relief refreshed for small business

In a Budget which was light on specific measures to support business and with the Chancellor keen to stress that the economy was one of the strongest in the G7, few new reliefs were announced, although the admission that the annual investment allowance will be reviewed was welcome while the research and development (R&D) tax credits scheme has been extended and farmers were given a boost with changes to farmers' averaging rules
18 Mar 2015
Image for budget 2015 growth levels create tax leeway chancellor

Tax | Budget 2015: growth levels create tax leeway for Chancellor

UK growth levels are improving, with the latest Office for Budget Responsibility figures indicating growth at 2.6% this year, better than forecast at the Autumn Statement four months ago, the Chancellor George Osborne told a raucous parliament at the last Budget before the election in May, but ruled out major tax giveaways
18 Mar 2015

| Lib Dem Budget statement on 19 March

Following today’s Budget given by the Conservative Chancellor George Osborne, coalition partners the Liberal Democrats are to be given an unprecedented opportunity to set out their own alternative Budget on Thursday to show how they would tax, spend and borrow over the next five years.
18 Mar 2015

Tax | HMRC adopts phased approach to Aspire IT contract replacement

Senior HMRC executives have confirmed the department is taking a new approach to replacing its existing Aspire IT contract, opting for a phased handover with its major supplier rather than the previously planned ‘big bang’ end to the contract, in order to minimise risks to the systems responsible for collecting £500bn annually
17 Mar 2015

Tax | Switzerland moves towards full transparency on tax exchange, says OECD

The OECD Global Forum on Transparency and Exchange of Information for Tax Purposes has published nine peer review reports, including a phase 1 supplementary report for Switzerland, demonstrating continuing progress toward implementation of the international standard for exchange of information on request but stresses that four countries still remain non-compliant including Luxembourg
17 Mar 2015
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