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
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)
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
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
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
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
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
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
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
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
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
Higher rate taxpayers will face larger tax bills in Scotland from April 2019 as the Scottish Budget confirms plans to freeze the higher rate threshold for another year, reports Sara White
