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ANALYSIS

Cutting edge analysis on tax issues.

To index or not to index, that was the question. 
The government sticks to its plans on the AIA limit, but there was no new help for decarbonisation costs and we're still waiting on capital allowances reform.
The Treasury expects a healthy rate of return for its investment in tackling fraud and non-compliance by wealthy individuals.

Little good news but not as bad as feared. 

Not quite as bad as I thought!

A long stamp duty holiday, no online sales tax and some relief for business rates.

The chancellor announced a rebalancing of the rates for R&D tax relief in an effort to ensure that taxpayer support is as effective as possible - but small, loss-making businesses will be hit hard.

Chancellor Jeremy Hunt delivered his Autumn Statement on 17 November 2022, setting out proposals to address a £55bn gap in the UK’s finances, with half of that amount being raised through increased taxation.

Can arrangements designed to reduce a business’s tax bill still be wholly and exclusively for the purposes of its trade? HMRC seems not to think so, writes Ross Birkbeck (Old Square Tax Chambers).
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