Tax / Budget 2017: implementation dates effective November 2017 onwards

Our essential snapshot of the key measures announced in Budget 2017, Finance Bill 2017/18 and NICs Bill including CGT indexation allowance, SDLT and rise in R&D tax relief

Tax / Budget 2017: taxing royalties and IP will hit digital giants

The plan to tax royalties posted overseas on the back of UK-based sales from April 2018 sets a clear pointer in terms of the government's general approach to clamping down on aggressive tax planning by the digital multinational giants like Amazon, Apple and Google. Philip Smith asks whether the Budget proposal will work

Tax / Budget 2017: amendments made to hybrid mismatch regime

Elements of the hybrid mismatch regime are to be amended, it has been confirmed in the Budget, although the changes are not intended to alter the scope of the scheme

Tax / Budget 2017: £400m investment to spark electric car uptake

The government has committed to an expansion of electric cars on UK roads by announcing a £400m investment to provide more roadside charging points and has put a further £100m in to the Plug-In Car Grant to help individuals purchase an electric vehicle

Tax / Cullinane: Chancellor’s approach to policy must be more consultative

As the Chancellor leans on anti-avoidance and evasion measures to raise revenue, CIOT tax policy director John Cullinane raises concerns over the way some policies in the Budget were formed

Tax / Budget 2017: key corporation tax changes for business

Paul Davies ACA, specialist tax writer at Croner-i, gives a round-up of the key changes to corporate taxes announced in the Budget, from freezing the indexation allowance on chargeable gains to the increase in R&D relief and tightening of the corporate interest restriction rules

Tax / Budget 2017: end to graduates overpaying student loans

University graduates will no longer temporarily overpay hundreds of pounds on their student loans as Chancellor Philip Hammond announces changes to the student loan and HMRC systems

Tax / Budget 2017: £165m investment to develop UK’s maths skills

The government has pledged to invest millions of pounds in to maths development and training programmes to help prepare the next generation of accountants and bankers for the new economy post-Brexit

Tax / Budget 2017: time limit for depreciatory transactions removed

The government has moved to prevent companies waiting for the six year limit for reporting depreciatory transactions to elapse, it has been confirmed in the Budget

Tax / Budget 2017: days of single-use plastic numbered

In the Autumn Budget, Chancellor Philip Hammond announced a raft of measures to improve the environment such as investment in electric cars and tax breaks for employers who provide electricity for employees to charge their ultra-low emission vehicles

Tax / Budget 2017: changes to double taxation relief TAAR

The Budget included proposals for two changes to the double taxation relief targeted anti-avoidance rule (TAAR), in a bid to bring it into line with similar anti avoidance measures and to cut down on abusive arrangements

Tax / Budget 2017: stopping abuse of employment allowance

The Budget contained a measure aimed at tackling employers who have a history of misusing the employment allowance (EA) to avoid paying the correct amount of national insurance contributions (NICs), by requiring employers to pay a bond equivalent to the amount of relief

Tax / Budget 2017: points-based penalty system for late tax returns

Plans unveiled as part of the Budget papers to move to a points-based penalty system for late or missing tax returns have been criticised by the Association of Taxation Technicians (ATT), over concerns the decision could result in unintended consequences, particularly when the Making Tax Digital regime starts

Tax / Budget 2017: ‘step up’ scheme avoidance using intangible fixed assets curbed

The Budget included a measure clarifying the corporation tax treatment of  the disposal of intangible fixed assets, designed to tackle ‘step up’ tax avoidance schemes by bringing the rules for all non-cash disposals and related party licensing arrangements in line with cash transactions

Tax / Budget 2017: close companies gateway to tackle disguised remuneration

As part of the clampdown on abuse of disguised remuneration by company directors, the government plans to introduce further measures in Finance Bill 2018 to tackle existing, and prevent future use of, disguised remuneration tax avoidance schemes