Northern Ireland / All

HMRC propose changes to the tax treatment of employee trusts – here are the key points.

ESG or ‘sustainability’ is not just a passing trend, it is here to stay and the environmental, social and governance agenda are fast becoming imbedded in how we do business.

UK Spring Finance Bill 2023 has been substantively enacted, following the completion of the report stage and third reading.

Draft guidance provides additional information on administration, chargeability and scope for Multinational and Domestic Top-up Taxes.

Where are we now with implementation and timeline?

From April 2024, deemed employers’ PAYE/NIC liabilities for Off-Payroll Working errors could be offset by taxes paid by contractors.

HMRC have refreshed their guidance on the restriction for interest deductions for loans with an ‘unallowable purpose’.

HMRC have published a consultation on specific proposals to replace stamp duty and stamp duty reserve tax with a single new self-assessed tax.

The final draft legislation was included within the Spring Finance Bill, published on 23 March 2023.