A package of cuts to capital gains tax taper rules – a maximum rate of 10% will apply after just four months.
Changes to the rules for group relief and capital gains which the government claims will give companies more freedom to structure in the way that suits their business, rather than structuring themselves around the tax system.
Consultation on rollover relief for gains on the disposal of substantial shareholdings by companies.
Reforms to double tax relief to help branches of international businesses being taxed twice.
Review of rules on tax relief on costs of purchasing goodwill and other intangibles.
New tax relief on cost of acquiring capacity in submarine telecommunications cables to help open up the online world to competition.
Changes in the tax treatment of ‘ratchet loans’.
Abolition of withholding tax on international bond interest.
Anti-avoidance rules for CFCs to be strengthened.
New rules for the taxation of insurance reserves.
Crackdown on stamp duty avoidance schemes.
Drastically fewer offices for HMRC in the hope to reduce their running costs
Tayabali Tomlin and d&t directors launch £20 a month TaxGo service, aiming to be the 'biggest UK firm' by client numbers
Companies must report on their complex financial structures including offshore accounts and notify HMRC
An examination by the Public Accounts Committee (PAC) has revealed serious concerns relating to HMRC’s plans