The Chancellor announced measures on Research & Development relief, Seed EIS, and extending Cultural Tax reliefs for Corporation Tax in his Spring 2023 Budget.
SME Tax News
As part of the 2023 Spring Budget, the Chancellor has announced that the Energy Price Guarantee will be extended at its current level of £2,500 for another three months until June 2023.
The Chancellor announced the following measures on Capital Allowances in his Spring 2023 Budget.
The Chancellor announced the following measures on Pensions in his Spring 2023 Budget.
The Chancellor announced new measures to simplify the grant of Enterprise Management Incentive (EMI) options. He also confirmed changes to the number of options that can be granted to Company Share Options Plans (CSOPS) in his Spring 2023 Budget.
The Chancellor announced new measures on the taxation of new social security benefits and an increase in Qualifying Care relief for carers in his Spring 2023 Budget.
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.
In Oisin Fanning v HMRC [2023] EWCA Civ 263 the Court of Appeal found that a scheme to avoid Stamp Duty Land Tax (SDLT) by granting of an option immediately after purchase was not sufficient to claim sub-sale relief. This case imvolved a £5million property but there are 41 further appeals standing behind the decision.
In Mark Mitchell and Paul Bell v HMRC [2023] EWCA Civ 261, the Court of Appeal (CoA) ruled that HMRC had discretion to disclose confidential documents obtained through a Code of Practice 9 enquiry about one taxpayer to another. The CoA First Tier Tribunal and Upper Tribunal did not have jurisdiction over this disclosure.
Hello,
This week we continue to explore optimising owner-director remuneration, we look at business start-ups, whether you are trading or acting as a landlord, and we have some new tax guides for pubs and brewers, new VAT briefs, further updates, tax cases and news.