Issue 1654

Analysis

• Spring Budget 2024
• An entrée before the manifesto main course?

In brief

• Spring Budget 2024: A welcome ‘as you were’ for most corporates
• Spring Budget 2024: Capital allowances: extension of full expensing to leased assets
• Spring Budget 2024: The impact on SMEs
• Spring Budget 2024: Private client perspective: sweeping and multi-faceted reform
• Spring Budget 2024: Cuts to NICs: giving back a portion of what’s already being taken
• Spring Budget 2024: Property tax perspective
• Spring Budget 2024: Mitigating tax risk - time to join a professional body?
• Spring Budget 2024: Reserved Investor Funds confirmed
• Spring Budget 2024: Economics view - making the most of a bad hand
• Spring Budget 2024: Extension of Energy Profits Levy
• Finance Act highlights
• HMRC’s new salaried members rules guidance
• Interest on pension arrears: deduction of tax on cross-border payments

News

• Spring Budget 2024: Tax rates and allowances
• HMRC manual changes: 8 March 2024
• Government to consult on regulating tax profession
• R&D changes brought into force
• Liabilities on transfer of business to a company
• ESS interest on late-payment penalties
• Updated tax guidance for charities
• Scottish income tax rates approved
• NICs thresholds frozen and veterans relief extended
• Tax credits amounts increased
• Pensions lifetime allowance newsletter
• Import one-stop shop requirements published
• Live web streaming of funeral services
• Refunds of UK VAT for non-UK businesses
• VAT appeal updates
• OECD tax report
• New Companies House powers brought into force
• HMRC online services

Cases

• S Clipperton and another v HMRC
• M Stolkin and others v HMRC
• Northumbria Healthcare NHS Foundation Trust v HMRC
• Other cases that caught our eye: 8 March 2024

Trackers

• HMRC manual changes: 8 March 2024

Reports

• Spring Budget 2024: Tax rates and allowances