ENERGY-INTENSIVE industries are expected to receive a £250m tax relief boost from the government.
The chancellor’s Autumn Statement on Tuesday is expected to outline tax relief for industries burdened by high costs from European Union emissions trading and the UK’s carbon limit plans, reports the Financial Times.
More than £200m in compensation will be paid out to heavy energy users, if the scheme is approved by the EU. Another £40m in costs will be picked up by the Treasury through increasing the rebate available to companies affected by the climate change levy from 65% to 90%.
Freelancers and micro-businesses still need more information about the government’s plans to make tax digital
New dividend tax is an attack on small business owners and is acting against the best interests of the UK economy, warns Top 50 accountants, Bishop Fleming
The Treasury is consulting on how businesses remunerate their staff to assess whether companies are artificially using benefits in kind to avoid tax
HMRC is consulting on proposals to clarify the tax treatments of general and limited partnerships