Budgets and Finance Bills

Stay ahead in the ever-evolving landscape of tax law with insights into budgets and finance bills. This topic provides essential guidance for legal practitioners, offering a comprehensive understanding of legislative changes and their implications on tax practice.

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2012–13—Autumn Statement to Finance Bill 2013–14—Autumn Statement to Finance Bill 2014–15—Autumn Statement to Finance Bill 2015–16—Autumn Statement to Finance Bill 2016–17—Autumn Statement to Finance Bill 2017–18—Budget, Finance Bill and Spring Statement 2018–19—Budget, Finance Bill and Spring Statement 2019–20—Budget and Finance Bill 2020–21—Budget and Finance Bill 2021–22—Budget and Finance Bill 2022–23—Spring Statement, Budget and Finance Bill 2023–24—Fiscal events including Budget 2024–25—Fiscal events including Budget 2025–26—Fiscal events including Budget

Latest Tax News

Court of Appeal—facilitators of VAT fraud can be deregistered even if they make legitimate taxable supplies (Impact Contracting Solutions Limited v HMRC)

Court of Appeal—facilitators of VAT fraud can be deregistered even if they make legitimate taxable supplies (Impact Contracting Solutions Limited v HMRC)

The following Tax news provides comprehensive and up to date legal information on Court of Appeal—facilitators of VAT fraud can be deregistered even if they make legitimate taxable supplies (Impact Contracting Solutions Limited v HMRC)

FTT decides that an income tax charge arose on the novation of a director’s loan account (Powell v HMRC)

FTT decides that an income tax charge arose on the novation of a director’s loan account (Powell v HMRC)

The following Tax news provides comprehensive and up to date legal information on FTT decides that an income tax charge arose on the novation of a director’s loan account (Powell v HMRC)

FTT imposes maximum £1m DOTAS penalty for failure to notify (HMRC v Industria Umbrella)

FTT imposes maximum £1m DOTAS penalty for failure to notify (HMRC v Industria Umbrella)

The following Tax news provides comprehensive and up to date legal information on FTT imposes maximum £1m DOTAS penalty for failure to notify (HMRC v Industria Umbrella)

Ex-solicitor hit with first individual tax avoidance stop notice

Ex-solicitor hit with first individual tax avoidance stop notice

The following Private Client news provides comprehensive and up to date legal information on Ex-solicitor hit with first individual tax avoidance stop notice

Featured Tax content

Direct tax treatment of damages and compensation payments

Direct tax treatment of damages and compensation payments

Direct tax treatment of damages and compensation paymentsWhere a dispute is brought to an end by a payment of damages or compensation, whether under a...

VAT treatment of parking facilities

VAT treatment of parking facilities

VAT treatment of parking facilitiesThis Practice Note is about the VAT treatment of parking facilities.This Practice Note contains references to EU...

The double taxation treaty passport scheme (DTTP scheme)

The double taxation treaty passport scheme (DTTP scheme)

The double taxation treaty passport scheme (DTTP scheme)The double taxation treaty passport scheme (DTTP scheme) enables a borrower to apply for and...

What is an intangible fixed asset?

What is an intangible fixed asset?

What is an intangible fixed asset?Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to...

Practice notes

What are capital allowances and capital expenditure?

What are capital allowances and capital expenditure?What are capital allowances?Capital allowances are the means by which tax relief is given for some...
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Produced in partnership with Martin Wilson
28th Mar
Practice notes

Commercial service charges—VAT implications

Commercial service charges—VAT implicationsThis Practice Note is about the VAT treatment of non-residential service charges. General positionService...
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Produced in partnership with Martin Scammell
28th Mar
Practice notes

Amortisation of intangible fixed assets

Amortisation of intangible fixed assetsWhere a company acquires (or otherwise incurs capitalised expenditure upon) an intangible fixed asset that...
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Produced in partnership with Anne Fairpo
28th Mar
Practice notes

VAT treatment of damages and compensation payments

VAT treatment of damages and compensation paymentsA damages or compensation payment may attract VAT. This depends on exactly what the payment is for....
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2nd Mar
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Practice notes

Taxation of gambling in the UK

Taxation of gambling in the UKCoronavirus (COVID-19): in light of the coronavirus crisis, HMRC has announced a change to the way returns for General...
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Produced in partnership with Carl Rohsler of Memery Crystal
28th Mar
Practice notes

VAT treatment of intermediaries, agents and disbursements

VAT treatment of intermediaries, agents and disbursementsFor VAT purposes, an intermediary is a person who makes arrangements for, or facilitates, a...
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Produced in partnership with John Fuszard of Sagars Accountants Ltd
28th Mar
Practice notes

Tax—Finance Act 2022—progress through Parliament [Archived]

Tax—Finance Act 2022—progress through Parliament [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note...
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1st Mar
Practice notes

Taxation of UK LLPs

Taxation of UK LLPsA UK limited liability partnership (LLP) is a body corporate for company law purposes, but is generally taxed as though it were a...
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1st Mar
Practice notes

Transfer pricing and private equity transactions

Transfer pricing and private equity transactionsIP COMPLETION DAY: The Brexit transition period ended at 11pm on 31 December 2020. At this time...
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Produced in partnership with Batanayi Katongera of Macintyre Hudson
2nd Mar
Practice notes

What is a trade for tax purposes?

What is a trade for tax purposes?A company is subject to corporation tax on the profits of its trade or trades in accordance with the rules found in...
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1st Mar
Practice notes

Taxation of trading profits—basis, receipts and deductions

Taxation of trading profits—basis, receipts and deductionsOnce a company has established that it has a trade (for which see Practice Note: What is a...
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2nd Mar
Practice notes

Partnerships and VAT

Partnerships and VATA general partnership is treated, for VAT purposes, as though it were a separate taxable person.This note is about:•the nature of...
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2nd Mar
Practice notes

Ordinary share capital—what it means and why it matters for UK tax purposes

Ordinary share capital—what it means and why it matters for UK tax purposesThe concept of ordinary share capital is important for UK tax purposes....
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Produced in partnership with Michael McGowan
28th Mar
Practice notes

Types of lending

Types of lendingOverdrafts, term loans and revolving credit facilitiesThree common types of loan facility are:•overdrafts•term loans, and•revolving...
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2nd Mar
Practice notes

Corporation tax loss relief—trading losses

Corporation tax loss relief—trading lossesA company that has incurred a trading loss in an accounting period can, in general, use that loss by:•making...
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1st Mar
Practice notes

Tax issues on a scrip or stock dividend

Tax issues on a scrip or stock dividendWhat is a scrip dividend and why do companies make them?A scrip dividend, also referred to as a scrip or stock...
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1st Mar

Popular documents

Tax—Finance Act 2023 and Finance (No 2) Act 2023—progress through Parliament [Archived]

Tax—Finance Act 2023 and Finance (No 2) Act 2023—progress through Parliament [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note contains information on the Finance Act 2023 (FA 2023) and the Finance (No 2) Act 2023 (F(No 2)A 2023), which received Royal

Micklefield clauses

Micklefield clausesWhat is a Micklefield clause?It is common for employee share plans to provide that, on termination of employment (or when an employee is given or receives notice of termination of employment), subsisting share awards will be forfeited and subsisting share options will lapse.It is

Financial clean break orders in family proceedings

Financial clean break orders in family proceedingsDuty of the court to consider a clean breakAlthough there is no presumption in favour of there being a financial clean break between parties on divorce, the court is under a duty to consider whether it would be appropriate to exercise its powers so

Early leavers—preservation

Early leavers—preservationFORTHCOMING DEVELOPMENT: Section 10 of the Finance Act 2022 will increase the normal minimum pension age (NMPA) from 55 to 57 on 6 April 2028 (save for members of the firefighters, police and armed forces public service pension schemes).The Finance Act 2022 will also give