How is a Prime Minister taxed? In the interests of transparency, Prime Minister Rishi Sunak has published details of his taxable income and chargeable gains for the last three years. We compare his income and gains to our tax guides, to see which ones will help him shave a quid or two off his tax adviser's fees for next year!

In Luca Delivery Limited v HMRC [2023] TC8752, the First Tier Tribunal (FTT) heard an appeal against a reclaim of a cash grant paid under the Coronavirus Job Retention Scheme (CJRS). It found that failure to meet the scheme conditions was due to a mistake by the taxpayer’s accountants and that was no defence. It did not allow the claim to be validated.

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.

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.

The Chancellor, Jeremy Hunt make his 2023 Budget speech at 12.30 today. Live highlights of his speech will follow here. Further details will be published by the government online via HMRC and Treasury channels following the speech.