NEWS

With 411 seats (giving a majority of 172), the incoming government will be looking to push through various manifesto commitments to support its headline priority of economic growth. From a tax perspective, there may be little room for manoeuvre,...

Rt Hon Rachel Reeves MP is appointed Chancellor of the Exchequer. She is she is the first female chancellor in British history. In other appointments:Darren Jones is appointed as Chief Secretary to the Treasury (responsible for public...

The UK and Gibraltar have implemented an agreement which replaces the EU law retained following the UK’s exit from the EU, by protecting the social security position of cross-border workers, ensuring that employees and their employers, as well as the...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.  

The Kings Speech is scheduled to take place on 17 July 2024. This will mark the formal beginning of the new parliamentary session.Summer parliamentary recess was scheduled to start on 23 July. However, as the Institute of Government...

The UK’s digital services tax brought in £567m for the Exchequer in 2023, according to freedom of information data obtained by law firm DLA Piper – a significant increase over the £380m collected in 2022 and ahead of the UK government’s original...

The Guardian reports (28 June) that a Labour government would allow the temporarily increased £425,000 stamp duty land tax nil rate band threshold for first-time buyers to fall back to the default £300,000 from 1 April 2025. This is a straightforward...

Algeria has become the 103rd jurisdiction to join the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the BEPS Multilateral Instrument). The text of the Convention and positions of each...

HMRC’s latest data shows that millions of people have been brought into income tax since the personal allowance was frozen in 2021/22. The latest income tax statistics suggest that there are 37.4m income tax payers in 2024/25, up from 33m in 2021/22...

Shadow Chancellor Rachel Reeves has said that Labour will not impose VAT on private school fees retrospectively if it wins the general election.Speaking at The Times CEO Summit, Reeves said: Were not going to have a retrospective...