In the past month, the government has launched several consultations covering a reduction in the administrative burden of ATED, tax-advantaged venture capital schemes, restricting non-residents’ entitlement to the UK personal allowance, legislating ESC D33 and enlarging the social investment tax relief scheme. Four other recent tax consultations will be reported next month. There has also been an important change to the rules on the taxation of commercial loans taken out by UK resident, non-domiciled individuals and clarification of the new rules on the taxation of UK resident, non-domiciled individuals with dual employment contracts
