HM Treasury has opened a new consultation on the Taxation of environmental land management and ecosystem service markets and the potential expansion of Agricultural Property Relief (APR).
SME Tax News
The Chancellor announced the following measures for large corporates, including Transfer Pricing, top-up taxes, energy levies and REITs, in his Spring 2023 Budget.
Hello,
This week we have our take on yesterday's Budget, news of new consultations, updates on our toolkits and some more topical case updates.
HMRC have launched a new call for evidence ‘VAT energy saving materials relief, improving energy efficiency and reducing carbon emissions’. This examines adding electrical battery storage to the list of qualifying technologies and asks whether more technologies should be added. It also reinstates the relief to buildings used for a relevant charitable purpose.
The Chancellor has announced increased the availability of free childcare from approved providers for all parents in the Spring 2023 Budget. From September 2025, up to 30 free hours will be available for children over nine months and under five.
The Chancellor announced the following measures on Investment Zones in his Spring 2023 Budget.
The Chancellor, Jeremy Hunt, made his Spring Budget 2023 speech on Wednesday 15 March. Highlights of the speech include a proposal to allow companies to expense Capital Allowances and to abolish the pension Lifetime Allowance. Further key announcements for Small and Medium Sized Entities (SMEs) and their owners are below.
HMRC have launched a new consultation on Extending the Cash basis for Self-Employed taxpayers.
The Chancellor announced the following measures on VAT in his Spring 2023 Budget.
The Chancellor announced the following measure affecting Capital Gains Tax in his Spring 2023 Budget.