Tax / Chancellor adds extra £2bn public spending for Brexit

Sajid Javid has announced today extra cash for preparations ahead of the UK departure from the EU but raises fears over increased government borrowing

Tax / Bull: will US/French deal derail UK digital services tax?

George Bull, senior tax partner at RSM, asks whether France’s commitment to refund part of its digital services tax to the US tech giants will scupper the UK’s efforts to introduce a 2% digital tax

Tax / Pre-Brexit spending round scheduled for 4 September

The Chancellor will present details of the spending round to parliament next week, earlier than expected, setting out departmental day-to-day spending to cover the Brexit period

Tax / France and US to settle digital tax row

There are signs that France and the US may be about to settle their differences over the introduction of a digital services tax (DST), after comments at the recent G7 summit suggested the two countries are looking to work together on the issue which has raised the threat of retaliatory tariffs

Tax / US tech giants oppose French digital tax plans

The US government’s investigation into French plans to implement a digital services tax (DST) has started with US tech companies arguing it is a discriminatory move and calling for multilateral cooperation to address changes to the international tax system

Tax / Chancellor backtracks on plans for stamp duty reform

Chancellor Sajid Javid has moved swiftly to backtrack on claims he is considering changing the way in which stamp duty land tax (SDLT) is levied, so it moves from the purchaser to the vendor of a property, although he has indicated an overhaul of the tax regime for buying and selling homes is a top priority

Tax / Retailers demand fix to ‘broken’ business rates

The government is under pressure to take action on business rates, with over 50 major retailers supporting recommendations designed to fix what they describe as ‘the broken business rates system’  

Tax / Government under pressure to launch loan charge review

MPs and contractors are intensifying pressure on the Chancellor to review the loan charge which has seen contractors paying retrospective tax bills on remuneration schemes which were outside PAYE, some dating back 20 years

Tax / Brexit pressure forces one-year spending review

There will be a fast-tracked one-year spending review to ensure departments can focus on delivering Brexit by 31 October, the Chancellor has confirmed, as the normal three-year spending review is delayed

Tax / UK continues to refuse to cut VAT on e-books

The UK continues to charge VAT on e-books, audio books and online newspapers despite changes to EU VAT rules introduced last year and since adopted by a growing number of member states

Tax / Post-Brexit trade policy will introduce UK freeports

The government is looking at setting up a string of freeports around the UK providing duty-free trade zones with tax and customs duty advantages

Tax / Treasury Committee chair Nicky Morgan steps down

Following the appointment of the former chair of the Treasury Committee, Nicky Morgan MP, as Secretary of State for Digital, Culture, Media and Sport, there will be an election after the summer recess for a new chair

Tax / Chancellor urged to take ‘strategic approach’ to tax

Three finance industry bodies have written to the Chancellor, urging him to take a more strategic approach to setting tax policy

Tax / Sajid Javid replaces Philip Hammond as Chancellor

Boris Johnson has named Sajid Javid as Chancellor of the Exchequer in one of his first top ministerial appointments as prime minister, with Rishi Sunak as number two at the Treasury    

Tax / Apprenticeship levy proves ‘empty promise’ on training

The apprenticeship levy, designed to boost workplace training, has proved an ‘empty promise’ and needs urgent reform, according to the Chartered Institute of Personnel and Development (CIPD)