Boris Johnson – Prime Minister of the United Kingdom, recently announced his new 10-point-plan for a ‘Green Industrial Revolution’. His new plan will be centred around the UK’s industrial heartlands – the North of England, the Midlands, Scotland, and Wales with ambitions to generate 250,000 new jobs in these areas in the carbon capture, electric […]
The first Autumn Budget was delivered this week amidst immense pressure to deliver something ‘spectacular’ and with some deeming it to be a ‘make or break’ Budget for the Chancellor. Some of the announcements were expected, a number of new measures announced were rather surprising.
The UK Budget 2015 introduced the Making Tax Digital (‘MTD’) initiative and outlined HMRC’s vision of transforming the UK tax system by executing it via a digitalised platform. Whilst intended to come into force in April 2018, there was widespread concern amongst business owners, professionals and governing bodies in respect of the pace and scale of changes being introduced.
The Treasury recently announced the introduction of a second Finance Bill for 2017 to legislate for provisions which were dropped in the earlier bill in light of the UK General Election. It has provided a list of provisions deemed to take effect from the beginning of the current tax year, allowing advisers to provide taxpayers with some measure of certainty.
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