Budget

Tax / Better scrutiny of Finance Bill needed, says Tyrie

Finance Bills should be subject to more rigorous scrutiny, particularly tax measures, according to the chairman of the Treasury Select Committee Andrew Tyrie

Tax / Economic trends: don’t rule out more surprises in 2017

After an unpredictable and turbulent year, PwC senior economic adviser Andrew Sentance predicts a year of further political disruption in the US and Europe

Tax / Treasury sets Spring Budget for 8 March

The Chancellor of the Exchequer, Philip Hammond, has announced that the government will publish its next Spring Budget on Wednesday 8 March 2017, the last one to be held at this time of year before the switch to an autumn event

Tax / Elliott: greater investment in HMRC will see avoiders hit hard

Government is investing in HMRC in order to strengthen the tax authority’s anti-avoidance capability, warns KPMG tax director Kevin Elliott

Tax / Salary sacrifice: even playing field

The salary sacrifice overhaul is meant to remove inequality for employees, but this is questionable, says Kingston Smith partner Andrew Constable

Tax / Tribunals to have partial closure notice powers

First Tier Tribunals (FTTs) are to be given powers to issue partial closure notices (PCNs) once the Finance Bill 2017 gains royal assent

Tax / Office of Tax Simplification given permanent status

The Office of Tax Simplification (OTS) has confirmed it is now placed on a permanent footing, with the triggering of legislation in Finance Act 2016

Tax / Government predicts £4bn yield from interest deductibility rule

The government expects to claw back approximately £3.96bn by 2020/21 through the introduction of restrictions to interest deductibility for corporates in the Finance Bill 2017

Tax / Government publishes draft legislation for Finance Bill 2017

The government has published nearly 400 pages of new tax legislation setting out the draft provisions for Finance Bill 2017 for technical consultation, including changes to National Insurance contributions, clampdown on salary sacrifice contracts for new car schemes and simplification of PAYE Settlement Agreements

Tax / AS2016: key tax changes and implementation dates

Our essential snapshot of the key measures announced in Autumn Statement 2016 and Finance Bill 2017, including salary sacrifice, disguised remuneration, NIC for self employed, reduction in MPAA limit and flat rate VAT scheme

Tax / Riley: Hammond missed opportunity to review tax code

Chancellor Philip Hammond missed the opportunity to make the tax code more equipped for the digital age with a root and branch review, says Grant Thornton head of tax Jonathan Riley

Tax / AS2016: Dodwell reviews key tax changes for UK businesses

Bill Dodwell, head of tax policy at Deloitte and president of the CIOT considers the key tax measures announced in the Budget and the impact on businesses from interest deductibility to lower corporation tax, a curb on salary sacrific and increased national insurance costs for employers

Tax / AS 2016: company cars and salary sacrifice curb

Opinion is divided as to the impact on company car provision following the Chancellor’s announcement in the Autumn Statement of a radical overhaul of the current salary sacrifice arrangements, with suggestions that there is likely to be a rush of purchases pushed through before the April 2017 start date for the new tax regime

Tax / Roy-Chowdhury: new Budget cycle needs to be progressive

Chancellor Philip Hammond’s real bombshell was that the twice a year Budget/Autumn Statement cycle is to be broken, but not scrapped, says ACCA head of taxation Chas Roy-Chowdhury

Tax / AS 2016: £79m post-Brexit export boost

The Autumn Statement included details of an additional £79.4m in funding over the lifetime of this Parliament for the Department for International Trade (DIT) to build capacity to support the UK’s exit from the EU and negotiations for the best possible global trading arrangements for the UK.
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