Gary Richards considers the relevance of IR35 in the light of the recent Office of Tax Simplification’s reports on small company tax and closer alignment of tax and NICs.
The European Commission has published proposals for public CBCR. Heather Corben (King & Wood Mallesons) reviews the recommendations.
Next month sees the introduction of a new, modernised Union Customs Code. Caroline Barraclough and Emma van Doornik (Deloitte) consider what that means in practice.
Finance Bill 2016 was published on 24 March, containing 179 clauses, 25 schedules and running to 571 pages. The Bill is formally titled ‘Finance (No 2) Bill’ of the current Parliamentary session. Explanatory notes have also been made available in two volumes.
The Scottish government has confirmed that it will not follow the UK government in raising the income tax higher rate threshold next year by more than inflation. From April 2017, the threshold in Scotland will increase in line with the CPI and by no more than inflation until 2021/22.
The Tax Credits (Income Thresholds and Determination of Rates) (Amendment) Regulations, SI 2015/393, decrease from £5,000 to £2,500 the income disregard for the purposes of determining tax credits entitlement where current year income exceeds that of the previous year, with effect from 6 April 20
Following consultation, the government will introduce a legislative reform order to Parliament in due course allowing limited partnerships that are collective investment schemes to be designated as ‘private fund limited partnerships’.
A sweet and sour Budget, writes Chris Sanger (EY).
Will it be a Budget dominated by pensions, as was expected, or will it be dominated by new concerns over the state of the economy and the public finances? David Smith reports.