Corporate Taxes

 


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. 

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. 

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.

A live blog of the fourth public bill committee sitting of Finance Bill 2020 (also known as Finance Bill 2019-21), which took place on Tuesday 9 June 2020 from 2pm. Clauses passed covered increases in the rate of the Research and Development Expenditure Credit (RDEC), and of Structures and Buildings Allowances; changes to the tax treatment of some intangible fixed assets; the Enterprise Investment Scheme (EIS) and 'top slicing relief'.

The Chartered Institute of Taxation (CIOT) respond to the Treasury Committee inquiry in to the Spring Budget 2020

The Finance Bill had its second reading in the House of Commons on Monday 27 April.  The Bill includes measures such as a Digital Services Tax, changes to the controversial Loan Charge and retaining corporation tax at 19 per cent (rather than implementing a previously legislated cut to 17 per cent). It makes some business reliefs more generous to encourage investment but introduces restrictions on the availability of two capital gains tax reliefs - entrepreneurs’ relief and private residence relief.

Further directions issued today by the President of the First-tier tax tribunal, Judge Sinfield, to the Tax Chamber and Tribunal users extending, in relation to certain proceedings, the general stay of all proceedings released on 24 March (as amended and released on 26 March).

The Digital Services Tax (DST) has come into effect this month with questions remaining about who will pay it and how much they will pay, says the Chartered Institute of Taxation (CIOT).

There was not much love for the government’s Digital Services Tax (DST) at the latest CIOT/Institute for Fiscal Studies (IFS) debate.

The Conservatives have not yet published their election manifesto. There are rumours it will be published on Sunday. But the party has revealed a number of elements of its tax plans this week.