Hello,
This week we have created a rolling tracker of all the tax and financial measures thus far announced by the government in response to the COVID-19 crisis. Bookmark the link as we will keep it updated.
SME Tax News
Following the recent budget, the government has now published Finance Bill 2020.
The government has published a consultation, ‘Plastic Packaging Tax policy design’. This examines policy design options for the proposed new tax on plastic packaging.
In Winifred Kroen v HMRC [2020] TC7605, the First Tier Tribunal (FTT) found that HMRC’s failure to offer a Statutory Review of a High-Income Child Benefit Charge extended the timetable for making a late appeal.
HMRC have announced that from April 2020, as part of paper-saving measures, they will no longer automatically send out blank paper Self Assessment returns.
The government has published a policy paper, 'Review of the student loan sale programme' which analyses the results of its small part sales of student loans.
The Chancellor has announced that with effect from April 2020 the Structures and Buildings Allowance (SBA) rate is increased from 2% to 3%.
The Chancellor has announced increases to the pensions' annual allowance taper thresholds and a reduction to the minimum tapered allowance amount from April 2020.
Hello,
Budget 2020: a time of crisis. With the UK government concentrating all its efforts on dealing with the Covid-19 virus, Chancellor Rishi Sunak's Budget 2020 was short on tax giveaways.
Chancellor Rishi Sunak presented the UK's Budget 2020 on 11 March 2020.
Tax highlights and key measures are as follows.