The government will legislate to extend the lifetime of enterprise investment schemes and venture capital trusts for at least 10 years

A £4.3bn support fund for small businesses over five years has been announced, along with the small business multiplier being frozen at 49.9p

HMRC will be given a 30% rise in specific funding to expand debt collection activities from the new tax year 

The overhaul of R&D relief will go ahead from April 2024 merging the two systems and reducing the intensity threshold from 40% to 30% for SMEs with a soft landing

The Chancellor has confirmed that full expensing will be put on a permanent footing and a review of capital allowance rules is planned

The Chancellor has cut the rate of employee National Insurance by 2% to 10% to take effect in January, reducing total tax for basic rate taxpayers to 30%

The Chancellor has confirmed a 9.7% rise in the national living wage from April, worth over £1,800 a year for a full-time worker

From November 2022 to October 2023 the total amount of income tax paid was £262bn, a £28bn rise compared to the previous year’s £234bn

Landlords with properties held in incorporated businesses are being warned to check that they are fully compliant with their tax affairs

In this week’s Q&A, Ewan Edwards, VIP tax advisor at Croner-i, examines whether capital allowances can be claimed when a business premises transfers to the owner’s home and needs refurbishment

Nearly 100,000 taxpayers have used the HMRC app to settle tax bills of £121m in the last six months

Rishi Sunak has given the strongest sign yet that the Chancellor is considering personal tax cuts in the Autumn Statement this week