Northern Ireland / All

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.

The UK’s new regime requires taxpayers to self-assess their compliance and protect against potential challenges from competitors.

The UK Government has published a series of tax policy and consultation updates on Tax Administration and Maintenance Day 2023.

In his Spring Budget 2023, the UK Chancellor sought to deliver on three key priorities of the government: grow the economy, reduce inflation and ensure that government debt falls.

The five key areas groups need to be thinking about to prepare for BEPS Pillar Two.