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2 weeks ago | 
mondaq.com | Laura Charkin |David Irvine |Charlotte Haywood
On June 5, 2025, the UK Government announced the result of theirrecent consultation process regarding their plans to bring carriedinterest within the income tax regime from April 2026, subject toan effective tax rate of 34.1%.
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Nov 7, 2024 | 
taxjournal.com | Julian Feiner |Mike Lane |Laura Charkin |Sophie Dworetzsky
The NFU’s president Tom Bradshaw has demanded that the new IHT APR rules be withdrawn and put to consultation with the agricultural industry and Defra experts rejecting Treasury claims that 72% of farms will not be paying IHT under the new regime.
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Nov 6, 2024 | 
taxjournal.com | Julian Feiner |Mike Lane |Laura Charkin |Sophie Dworetzsky
Home >Articles > CGT anti-forestalling measures CGT anti-forestalling measures 6 November 2024 As announced in the Budget, the following headline rates of CGT are changing: an immediate increase to CGT rates: from 10% to 18% for basic rate taxpayers and from 20% to 24% for higher rate taxpayers; business asset disposal relief will change (from 6 April 2025) from 10% to 14%; and from 14% to 18% from 6 April 2026; and carried interest CGT rates will increase from 28% to 32% from 6 April 2025...
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Nov 6, 2024 | 
taxjournal.com | Sarah Ling |Julian Feiner |Mike Lane |Laura Charkin
In Procurement International Ltd v HMRC [2024] UKFTT 949 (TC) (24 October) the FTT decided that the appellant was entitled to zero rate supplies of goods that had been exported because it found that the appellant was the exporter. The appellant supplied goods to reward programme operators (RPOs) who made onward supplies of the goods to employers.
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Nov 6, 2024 | 
taxjournal.com | Julian Feiner |Mike Lane |Laura Charkin |Sophie Dworetzsky
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Nov 1, 2024 | 
taxjournal.com | Sophie Dworetzsky |Julian Feiner |Mike Lane |Laura Charkin
In the first Budget given by a Labour government in 14 years the end of the remittance basis which has existed in the UK tax system since the introduction of income tax by Pitt in 1799 was definitively confirmed. A key question is whether the proposed new foreign income and gains (FIG) regime will be as internationally competitive as the remittance basis despite its flaws has been. And if in turn whether FIG will help drive growth the stated focus of this Budget.
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Nov 1, 2024 | 
taxjournal.com | Laura Charkin |Mike Lane |Sophie Dworetzsky |Peter Rayney
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Nov 1, 2024 | 
taxjournal.com | Julian Feiner |Mike Lane |Laura Charkin |Sophie Dworetzsky
From the editorSo now we know. This Budget ‘produces a radical amount of tax revenue by mostly unradical means’ (Julian Feiner), with a hike in employers’ NICs generating the lion’s share of additional revenues. The Chancellor made relatively modest changes to her non-dom proposals, and had a tin ear on VAT on school fees and employee ownership trusts (where ‘the changes do not appear to take into account many of the comments made in response to that consultation’ (Pete Miller)).
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Oct 31, 2024 | 
taxjournal.com | Julian Feiner |Mike Lane |Laura Charkin |Sophie Dworetzsky
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Oct 31, 2024 | 
taxjournal.com | Julian Feiner |Mike Lane |Laura Charkin |Sophie Dworetzsky
HMRC’s Pension Schemes Newsletter for October 2024 provides a useful summary of the following two sets of Regulations which make technical changes to the lifetime allowance abolition legislation:Pensions (Abolition of Lifetime Allowance Charge etc) (No 2) Regulations SI 2024/1012; andPensions (Abolition of Lifetime Allowance Charge etc) (No 3) Regulations 2024 (available in draft).
