The Chancellor is to substantially cut business rates for small and medium-sized enterprises (SMEs), as part of a packet of measures designed to stave off criticism from business representatives and reduce the impact of decreasing footfall and rising costs on the high street
The Chancellor has confirmed that the corporation tax rate will remain unchanged from the previous Budget, staying at 19% at present - the lowest of the G20 nations - and changing to 17% from 2020
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 Budget included the Chancellor’s announcements of a further clamp down on tax avoidance, evasion and unfair outcomes, which is designed to raise £2.1bn by 2023/24
A tax on large digital companies that operate within the UK or provide services to customers, including social media and online marketplaces, has been announced by the Chancellor, who denied that it would be a ‘digital sales tax’
While there is speculation the Chancellor’s Budget will include tax breaks to help struggling retailers, commentators claim his plans are unlikely to stem the current bloodbath on the UK’s high streets, where major stores are closing and job losses mounting, with a potential 50,000 roles at risk
Ahead of Monday afternoon’s Budget, the first to be held under the new schedule, the Chancellor faces a tough challenge given the need to fund both the government’s pledge of an end to austerity and a £20bn boost for the NHS
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
MP Mel Stride, financial secretary to the Treasury, is under pressure to appear before a Lords committee after the publishing of a letter criticising his refusal to appear and answer questions about HMRC’s use of its powers
HMRC has only fully tested 23 software products compatible with Making Tax Digital (MTD) due to delays in rolling out the full trial and there is still widespread lack of awareness of the programme, Lords warn
The 13th CIOT/IFS debate saw experts discuss the merits and pitfalls of the devolution of tax to local authorities in the UK, looking at both the evidence collected from existing examples and public perception of the issues at stake
HMRC has produced a technical note setting out the government's position on the Welsh rates of income tax, which will be implemented in April 2019, and begun a consultation on the legislative changes required
The Treasury and HMRC are to plough £8m into a package of measures to support the customs intermediaries sector in preparing for potential capacity challenges with staff training and automation in the event of a ‘no deal’ Brexit next year
HMRC's extension of powers for tackling tax evasion were under fire from witnesses at a Lords committee, with concerns being raised about the upholding of individual rights, and whether safeguards for protecting individual rights have kept pace with enforcement activity
Without substantial tax rises, or better-than-expected economic growth, the Prime Minister’s aim of ‘ending austerity’ leaves Philip Hammond facing some tough choices for the Budget later this month, analysis by the Institute for Fiscal Studies (IFS) suggests