Tax leaders call for sustainability reporting standards.
ICAS: UK needs tax incentives to drive net zero targets
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Business Tax
Tax gap hits £36bn in 2021/22
Small businesses responsible for half the tax gap.
Tax system “overcomplicated”, say MPs
Current tax system is an obstacle to growth.
Employee share schemes under review
The Government aims to simplify the system.
ATT calls cash basis changes ‘limited’
Government consultation proposes changes to the accounting method.
Fuel advisory rates update
Diesel rates for company cars have been cut.
ICAEW asks HMRC to rethink quarterly reports
The administrative burden dubbed “disproportionate”.
HMRC launches IR35 review
Consultation will focus on risks of double taxation.
Digital services tax risks becoming permanent
The DST raised 30% more than expected in its first year.
Full expensing introduced for companies from 2023-26
Companies will be able to deduct 100% of qualifying investments.
Tax breaks for startups face withdrawal
SEIS, EIS and VCTs could close in 2025.
Trade associations call for green super deduction
Experts hope tax breaks would encourage SMEs to invest in net zero.
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