The rollout of freeports across the UK is designed to drive trade following the UK departure from the EU, offering a raft of tax breaks for investors. Charlotte Sallabank, tax partner at Katten Muchin & Rosenman UK LLP, assesses the pros and cons
As part of the government’s 10-year strategy to modernise the tax administration system, it is considering whether to change current tax payment timings in a move to more frequent, in-year tax calculation and payment
The government is consulting on options to consider how Air Passenger Duty (APD) could support regional connectivity, alongside the commitment to reach net-zero emissions by 2050, but has ruled out plans for a frequent flyer levy
Following recommendations by the Office of Tax Simplification, the government will reduce administrative burdens for those dealing with inheritance tax
The government is consulting on plans to make professional indemnity insurance mandatory for tax advisers in a bid to improve standards and protect taxpayers
Owners of second homes will have to ensure they are renting out their properties for a minimum of 140 days a year if they cut their tax liability by registering for business rates
The government is strengthening HMRC powers as part of a raft of measures to clamp down on promoters of tax avoidance, with plans to be able to strike off directors for tax avoidance with the threat of two-year prison sentences
Landlords have been excluded from the super deduction incentive in corporate tax liabilities at a time when they really need it, warns tax and advisory firm Blick Rothenberg
The government has published details of Finance Bill 2021 setting out the key measures to be brought into legislation including the super-deduction capital allowance
Agricultural businesses and companies looking to use the new super-deduction capital allowance need to carefully consider their investment options after the Budget introduced several significant tax changes, warns rural accountancy firm Old Mill
The government has announced a consultation into possible expansion of the enterprise management incentives (EMI) scheme to ensure it provides support for high-growth companies
This week’s Budget announcements were a mixed bag for pension savers with a cap on the lifetime allowance creating inherent tax risks. Kay Ingram, director of public policy at LEBC, explains
The Chancellor has set aside a further £65bn to support businesses, employees and the self employed to deal with the coronavirus pandemic as lockdown eases
