If not quite overshadowed by the international trade department’s announcement in the morning of plans for a temporary tariff regime, the chancellor’s Spring Statement on 13 March still found itself competing for parliamentary oxygen between a series of momentous ‘deal or no deal’ Brexit votes. Underlying the upbeat tone of the growth and borrowing forecasts was the constant, low drum-beat warning of a no-deal Brexit.
The chancellor confirmed in his accompanying written statement that the government will not be making MTD mandatory for any new taxes or businesses in 2020. The focus will instead be on supporting businesses through a more gradual transition to digital reporting and record-keeping.
In a lengthy report setting out the government’s record on tackling avoidance, evasion and other forms of non-compliance since 2010, the Treasury discharged its obligations under FA 2019 ss 92 and 93 to review the effectiveness and impacts of specific tax avoidance measures contained in that Act.
Other publications on the day included a 2019 update on HMRC’s ‘no safe havens’ strategy for offshore tax compliance, detailed draft amending legislation for the new structures and buildings allowance announced at Budget 2018, and terms of reference for the review of the aggregates levy promised in February.
A further 16 consultations and reviews were earmarked for publication ‘in the coming months’, together with government responses to six recent consultations, including the digital services tax.
If not quite overshadowed by the international trade department’s announcement in the morning of plans for a temporary tariff regime, the chancellor’s Spring Statement on 13 March still found itself competing for parliamentary oxygen between a series of momentous ‘deal or no deal’ Brexit votes. Underlying the upbeat tone of the growth and borrowing forecasts was the constant, low drum-beat warning of a no-deal Brexit.
The chancellor confirmed in his accompanying written statement that the government will not be making MTD mandatory for any new taxes or businesses in 2020. The focus will instead be on supporting businesses through a more gradual transition to digital reporting and record-keeping.
In a lengthy report setting out the government’s record on tackling avoidance, evasion and other forms of non-compliance since 2010, the Treasury discharged its obligations under FA 2019 ss 92 and 93 to review the effectiveness and impacts of specific tax avoidance measures contained in that Act.
Other publications on the day included a 2019 update on HMRC’s ‘no safe havens’ strategy for offshore tax compliance, detailed draft amending legislation for the new structures and buildings allowance announced at Budget 2018, and terms of reference for the review of the aggregates levy promised in February.
A further 16 consultations and reviews were earmarked for publication ‘in the coming months’, together with government responses to six recent consultations, including the digital services tax.
