International community strikes global tax deal
Countries worldwide agree to minimum corporation tax rate of 15%.
HMRC ‘cannot tell’ number of MPAA breaches
Pensions firm calls for better data on £4,000 limit.
Treasury considers recovery loan scheme extension
The renewed scheme could become less generous to firms.
National living wage set for 5.7% rise in 2022/23
Treasury poised to approve LPC recommendation.
Stamp duty land tax reverts back to type
Pre-pandemic regime is back in place.
R&D spending hits £47.5bn in 2019/20
Expenditure on R&D as percentage of GDP trails behind target.
Hospitality and tourism VAT rises to 12.5%
Trade bodies demand temporary rate be made permanent.
Furlough scheme ends after 18 months
Around 1m people were still furloughed.
Salary sacrifices ‘may mitigate the NICs rise’
Employees could benefit in the short-term.
What’s next for the state pension increase in 2022/23?
Government relaxes triple-lock rules due to distortions caused by the pandemic.
Income tax’s digital overhaul pushed back until 2024
HMRC postpones MTD ITSA and basis period reforms after listening to concerns.
Calls resurface to abolish business rates
Opposition would increase digital services tax to fund the move.