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117
Views

Budget update 2020-Tax treatment of LLPs

Tax treatment of LLPs A change to the existing rules where a limited liability partnership (LLP) has delivered an LLP return on the basis of operating 'with a view to profit' and is sub... more


124
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Budget update 2020-Income tax automation challenges

Income tax automation challenges A technical change is being made to confirm that processes used by HMRC to carry out certain functions, including the issue of notices to file self-assessment t... more


116
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Budget update 2020-VED rates for motorhomes

VED rates for motorhomes from 12 March 2020 From 12 March 2020, new motorhomes (type approved M1SA) will be included in the Private/Light Goods Vehicle or Private Heavy Goods Vehicle (HGV) Vehc... more

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114
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Budget update 2020-Vehicle Excise Duty rates for zero-emission vehicles

Vehicle Excise Duty rates for zero-emission vehicles from 1 April 2020 All registered zero-emission light passenger vehicles registered from 1 April 2017 until 31 March 2025 will be exempt from... more


89
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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


87
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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


85
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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


86
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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


82
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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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90
Views

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


81
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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


86
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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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62
Views

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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63
Views

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


79
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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