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Budget update 2020-VED rates for cars, vans, motorcycles and motorcycle trade licences

VED rates for cars, vans, motorcycles and motorcycle trade licences from 1 April 2020 The Vehicle Excise Duty (VED) rates for cars, vans, motorcycles and motorcycle trade licences wil... more


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Budget update 2020-Introduction of the Digital Services Tax

Introduction of the Digital Services Tax From 1 April 2020, the government will introduce a new 2% tax on the revenues of search engines, social media services and online marketplaces which der... more


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Budget update 2020-Plastic packaging tax

Plastic packaging tax The plastic packaging tax will take effect from April 2022 and will apply to plastic packaging produced in, or imported into the UK that does not contain at least 30% recy... more


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Budget update 2020-Fuel Duty changes for diesel used in private pleasure craft

Fuel Duty changes for diesel used in private pleasure craft The Finance Bill 2020 will contain legislation relating to the propulsion of private pleasure craft. Private pleasure craft already p... more


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Budget update 2020-Tobacco duty rates confirmed

Tobacco duty rates confirmed The duty rate on all tobacco products will continue to increase by 2% above Retail Price Index (RPI) inflation. Hand-rolling tobacco duty will rise by an ... more

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48
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Budget update 2020-Changes to tax provisions for carbon emissions tax

Changes to tax provisions for carbon emissions tax he government will maintain the carbon emissions tax as a fallback carbon pricing policy and legislate in the Finance Bill 2020 to make change... more


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Budget update 2020-CCL rates confirmed

2020 CCL rates confirmed The main rates of climate change levy (CCL) for 2020/21 and 2021/22 have been confirmed. Details of the reduced rates of CCL for qualifying businesses in the ... more


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Budget update 2020-landfill tax rates confirmed

2020 landfill tax rates confirmed As announced in the 2018 Budget, both the standard and lower rates of landfill tax will increase in 2020 in line with the Retail Prices Index (RPI), ... more

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27
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Budget update 2020-Changes to casino gross gaming yield bands for gaming duty

Changes to casino gross gaming yield bands for gaming duty The gross gaming yield (GGY) bands for gaming duty are rising in line with inflation for gaming duty accounting periods star... more

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26
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Budget update 2020/21 APD rates confirmed

2020/21 APD rates confirmed The long haul rates of Air Passenger Duty (APD) for 2021/22 will increase in line with the retail price index (RPI) as forecast at Budget 2020. Short haul ... more


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Budget update 2020-Changes of VAT rules for call-off stock arrangements

Changes of VAT rules for call-off stock arrangements Changes required by Council Directive (EU) 2018/1910 are being implemented to simplify the VAT treatment of call-off stock moved from the UK... more


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Budget update 2020-CT treatment of intangible fixed assets

CT treatment of intangible fixed assets from 1 July 2020 A restriction that exists in relation to pre-FA 2002 intangible assets that prevents some companies from claiming relief for older, well... more


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Budget update 2020-Corporate capital loss restriction changes

Corporate capital loss restriction changes For accounting periods ending on or after 1 April 2020, companies making chargeable gains will only be able to offset up to 50% of those gains using c... more


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Budget update 2020-Change to R&D expenditure credit rate

Change to R&D expenditure credit rate The research and development expenditure credit rate for corporation tax purposes will be increased from 12% to 13% in relation to expenditure incurred... more

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32
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Budget update 2020-Corporation tax changes for non-UK resident companies with UK property income

Corporation tax changes for non-UK resident companies with UK property income Changes are being made to ensure that Finance Act 2019 rules enacted to bring non-UK resident companies that carry ... more