Blog archive - 2019

In response to questioning from the House of Lords Economic Affairs Committee the Financial Secretary revealed that he would shortly be announcing 'clarifications' to the loan charge, including a commitment that HMRC will not apply the loan charge to a tax year which was closed on the basis of fully disclosed information.

The Treasury Committee continued its inquiry into the impact of business rates, with two hearings last week.

Peers debated the legislative process on June 12th, drawing in particular on two reports produced by the House of Lords Constitution Committee,

Are you interested in joining a sponsored Kilimanjaro challenge, in aid of TaxAid and TaxHelp due to take place from 17-27 September 2020 – places are limited and are starting to be snapped up!

The two contenders to be the next Conservative party leader – and the next Prime Minister – both announced additional proposals for tax cuts this week, as ballot papers went out to the 160,000 party members.

The draft Capital Allowances (Structures and Buildings Allowances) Regulations 2019, which were laid before Parliament on 17 June, were approved after a short debate on the floor of the House of Commons this week. Labour did not vote against the measure, preferring to wait to scrutinise the guidance when HMRC publishes it later this year.

Our regular update of tax and customs-related developments in secondary legislation.

A CIOT/IFS debate on taxing commercial property asked whether it was time to retain, reform or replace business rates.

A short debate about differential rates of beer duty was held in Westminster Hall this week.

This order narrows the scope of the UK’s reduced rate of VAT for installations of energy-saving materials in residential accommodation, with effect from 1 October. There will be two changes that will impact on UK consumers