TAX POLICY ADMINISTRATION

The taxation of the much-maligned gambling sector has been subject to increasing scrutiny by the Treasury in recent years, culminating in a Treasury consultation in April 2025 and a pre-budget review by the Treasury Committee in November. It is...

The Autumn Budget has confirmed the introduction of a new scheme to reward informants who help HMRC recover tax that has been avoided or evaded. Announced by James Murray MP in March 2025, the scheme is designed to incentivise...

The mood music surrounding Budget 2025 was notably downbeat over the past few weeks, with many practitioners expressing pessimism about the scope and direction of the expected changes. Given the strained state of the public finances and the...

The 2,000 cap: Generally, the pensions industry, businesses (of all sizes), pensioners and individuals will heave a collective sigh of relief that the Chancellors smorgasbord Budget has stayed away from tinkering with anything more than...

For the City of London, one of the most noteworthy tax reforms pursued by the Government since it was elected in 2024 has been the introduction of a new tax regime for carried interest, under which receipts will be taxed as trading income within the...

HM Treasury has presented its long-awaited report to Parliament of its mandated review of the digital services tax, the controversial two per cent levy on revenues earned from the provision of social media, search engine and online marketplace...

Fortunately, most of the pre-Budget scary stories did not come to fruition and many owner-managers breathed a sigh of relief! Of course, most of the tax damage for owner-managers took place last year, which has accelerated a lot...

There will be the usual complaints about the tax burden on working people, but it is very modest compared with the 1960s and 1970s, when the top rate of income tax was still 98%, imposed to pay the USA for the monies lent to us for WW2. There will...

It is hardly an original observation that there is something of a conjuring trick about Budgets. However, some of the measures announced by the Chancellor on 26 November 2025, seemingly in an attempt to address the need for growth while...

After endless pondering and a Budget Day that took forever to arrive, it was a pleasant surprise to have a succinct summary of the tax measures shortly before the speech began. A cup of tea with time to digest the key changes, fire off a few emails,...