IN BRIEF

Full expensing versus the Annual Investment Allowance.

How the proposed UK CBAM differs from the EU’s mechanism.

How the work of this specialist unit – and its staffing – has changed in recent years.

Why a UK credit, designed to incentivise UK R&D, can effectively end up going to the US government.

Employers will be required to payroll benefits from April 2026. Here’s what they need to consider.

If I had to sum up Budget 2024 for corporates in one word it would be boring. And that is a good thing. By and large corporate tax directors like predictability and stability. Not the pantomime of recent years of corporation tax is...

As flagged up in last Novembers Autumn Statement, the Chancellor announced that the government intends to extend full expensing of plant or machinery expenditure to leased assets when fiscal conditions allow and draft legislation for this...

SMEs are not, as such, massively affected by the Chancellors Budget proposals, though of course many business proprietors will be affected at a personal level by the personal tax changes noted elsewhere in this Budget Summary. Increasing the...

Without doubt the most interesting aspect of the Budget concerns the taxation of UK resident foreign domiciliaries. The government is proposing sweeping and multi-faceted reform:The remittance basis will be abolished with effect from 6 April 2025. In...

The further 2p cut to the main rates of employee and self-employed NICs will: benefit 27.6m employees and 2.2m self-employed workers at a cost of around 10 billion per year. Everyone earning more than 12,570 a year will...