The government is to carry out a number of consultations into current tax and accounting policy, including R&D reliefs and the implementation of IFRS 17 Insurance Contracts, and has yet to determine a direction for the long-standing issue of taxation of trusts

The government is making minor amendments to the residence nil rate band (RNRB) to clarify downsizing rules and provide certainty over when a person is treated as ‘inheriting’ property, with these changes being effective immediately

In a Budget which he described as ‘paving the way for a brighter future’ and with a pledge that ‘austerity is coming to an end’, Chancellor Philip Hammond announced that the government’s commitment to introduce a personal tax allowance of £12,500 and to raise the higher rate threshold to £50,000 would be brought forward by a year, and will now be implemented from April 2019

The IR35 off-payroll working rules which have already been introduced for the public sector are to be extended to the private sector the Chancellor has confirmed in the Budget, saying that the move was ‘essential to ensure fairness between individuals working side by side for the same employer’

Chancellor Philip Hammond has extended the current 100% first-year allowance for costs incurred on installing electric charge-points until 2023 to further encourage the take up of electric vehicles

As part of the government’s efforts to support first-time buyers, the Chancellor confirmed that the stamp duty land tax (SDLT exemption for first-time buyers will be extended to shared ownership purchases

Despite widespread rumours in the run-up to the Budget that pensions tax relief for higher rate taxpayers would be cut, the Chancellor only tweaked pensions allowances

The long haul rates of air passenger duty (APD) for the tax year 2020-21 will increase in line with the retail price index (RPI), Chancellor Philip Hammond confirmed in his budget, but short haul rates will stay the same

Budget 2018 announced changes to two of the ancillary reliefs in private residence reliefs, specifically those that provide relief on rented property and on gains made in the final period of ownership, regardless of occupancy

There are suggestions that next week’s Budget could include changes to the current gifting and inheritance tax (IHT) regime but moves to increase the tax take - which hit a record £5.2bn last year - would face strong public opposition, according to a recent poll

HMRC is advising taxpayers that there are 100 days left to file their 2017/18 tax return and urging them to avoid the last-minute rush

Croner-i has launched Navigate Tax, a brand new interactive online system packed with practical modules for busy tax practitioners