Budget

Tax / Government exempts Windrush compensation payments from tax

Payments made under the Windrush Compensation Scheme will be exempt from income tax, inheritance tax and capital gains tax, HMRC has announced

Tax / Spring Statement 2019: no Making Tax Digital extension for two years

Chancellor Philip Hammond has confirmed that Making Tax Digital will not be extended to buy-to-let landlords or businesses before 2021 at the earliest

Tax / Spring Statement 2019: draft legislation on capital allowance for non-residential buildings

As part of the Spring Statement, HMRC and the Treasury have published a consultation seeking views on draft legislation for non-residential structures and buildings capital allowance, which provides relief on eligible construction costs incurred on or after 29 October 2018

Tax / Spring Statement 2019: government to publish raft of consultations

The Spring Statement’s written ministerial statement outlines 13 consultations, draft regulations and call for evidence documents which are due to be published in the coming months, including regulations for maturing child trust funds and a consultation on extending private residence relief in capital gains tax (CGT)

Tax / Spring Statement 2019: late payment clampdown on big business

The Chancellor has announced plans to clamp down on late payments with a requirement for the audit committees at listed companies to report on their payment performance in the annual report and accounts

Tax / Spring Statement 2019: visa waiver and e-gate access post Brexit

In a Spring Statement thin on detail and shaped by the lack of progress on Brexit, the Chancellor announced plans to extend e-card immigration rights to citizens from Australia, Singapore and Japan, among others

Tax / Spring Statement 2019: apprenticeship levy reforms brought forward

In his Spring Statement, the Chancellor announced that reforms to the apprenticeship levy, announced at Budget 2018, will be brought forward a year and will now take place from 1 April 2019

Tax / Brexit crisis to overshadow Spring Statement

The Chancellor’s Spring Statement this afternoon takes place against a backdrop of continued and deepening crisis over Brexit and is likely to prove no more than the ‘filling in the sandwich’ between further votes on the terms of the UK’s withdrawal, after the government’s deal was roundly rejected last night

Tax / Scotland being ‘short changed’ over government funding

Ahead of next week’s Spring Statement, the Chancellor is being urged to address claims Scotland is being ‘short changed’ as a result of additional funding being allocated to Northern Ireland

Tax / Finance Act 2019 comes into force

The Finance Bill 2018-19 received Royal Assent on 12 February 2019 and became Finance Act 2019

Tax / Chancellor’s Brexit 'deal dividend' judged ‘not credible’

In a highly critical report on Budget 2018, MPs have said it is ‘not credible’ for the Chancellor to refer to a Brexit ‘deal dividend’ and called for the Treasury to supply more information so that the Office for Budget Responsibility (OBR) can provide a detailed Brexit assessment at the Spring Statement next month

Tax / Spring Statement set two weeks before Brexit

The Chancellor of the Exchequer, Philip Hammond, has announced that the government will publish its next Spring Statement on Wednesday 13 March 2019

Tax / Treasury to review 2019 loan charge

The Treasury has been forced to agree to review its controversial 2019 loan charge proposals, which are designed to tackle disguised remuneration, by the end of March after a cross-party group of MPs were successful in pushing through an amendment to the Finance Bill

Tax / MPs reject sweeping Treasury Brexit powers

The government’s no-deal Brexit preparations suffered a blow as a clause in Finance Bill 2018-19 (FB 2018-19) giving the Treasury broad powers in the event of a no-deal Brexit was narrowly defeated by rebels and opposition members

Tax / Finance Bill delayed until 2019

Political divisions and extensive debate of the government’s Brexit deal mean that Finance Bill 2018-19 (FB 2018-19) failed to pass beyond the committee stage before the parliamentary Christmas recess and will remain without royal assent until the new year
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