Corporate Taxes

Business Rates Review

By Ruth Mace on 5 August 2020

The government has issued a Business Rates Review: Call for Evidence following the commitment in the Spring 2020 Budget to conduct a fundamental review of the business rates system in England. The call for evidence is in two tranches. The first tranche concerns reliefs and the multiplier.

Preventing abuse of the R&D tax relief for SMEs

By Ruth Mace on 30 July 2020

Following the announcement at the Budget in March that the government would delay the implementation of the PAYE cap on the payable tax credit in the SME R&D scheme until 1 April 2021, the government published a Summary of responses to last years’ consultation and a Second consultation.

The scope of qualifying expenditure for R&D Tax Credits

By Ruth Mace on 30 July 2020

On L-Day, the government published a consultation exploring the scope of qualifying expenditure for R&D tax credits, which was trailed at the Budget. Specifically, the consultation is looking at whether expenditures on data and cloud computing ought to qualify for relief. The consultation document adds that the government is not inviting views on the internationally agreed definition of R&D itself.

Modernisation of Stamp Taxes on Shares Framework

By Ruth Mace on 28 July 2020

On L-Day the government published a call for evidence to consider the principles and design of a new Stamp Duty and SDRT Framework, which is intended to inform a longer-term modernisation of Stamp Duty and SDRT. The government is seeking views on what should be the principles and design of a new framework for taxing shares and securities and what should be prioritised in any modernisation programme.

Finance Bill 2020 report stage day 2

By George Crozier on 2 July 2020

MPs are considering amendments and new clauses tabled to the Finance Bill, relating to tax reliefs and easements and support measures in response to coronavirus. After report stage third reading debate will take place.

Finance Bill 2020 report stage day 1

By George Crozier on 1 July 2020

MPs considered amendments and new clauses tabled to the Finance Bill, relating to the Digital Services Tax, the Bill's environmental impact, the loan charge and off-payroll working.

Finance Bill 2020 Committee – 9th sitting (live blog)

By Hamant Verma on 18 June 2020

A live blog of the ninth public bill committee sitting of Finance Bill 2020 (also known as Finance Bill 2019-21), which took place on 18 June from 11.30am. MPs approved clauses 99-105, including HMRC use of automated processes, and also passed a new clause on extending off-payroll working rules to the private sector.

Corporation tax quarterly instalment payments

By Ruth Mace on 17 June 2020

HMRC has reviewed and updated its guidance at CTM92650. This guidance covers early repayments of corporation tax quarterly instalment payments in response to receipt of a number of claims and requests from taxpayers, agents and professional bodies.

Finance Bill 2020 Committee - 6th sitting (liveblog)

By Chris Young on 11 June 2020

A live blog of the sixth public bill committee sitting of Finance Bill 2020 (also known as Finance Bill 2019-21), which took place on Thursday 11 June 2020 from 2pm. The session covered the later clauses in Part 2 of the Bill, which covers the introduction of the Digital Services Tax.

Finance Bill 2020 Committee - 5th sitting (liveblog)

By Hamant Verma on 11 June 2020

A live blog of the fifth public bill committee sitting of Finance Bill 2020 (also known as Finance Bill 2019-21), which took place on Thursday 11 June 2020 from 11.30am. The session focused on Part 2 of the Bill, which covers the introduction of the Digital Services Tax.

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