As usual the devil was in the detail of the documents released when the chancellor sat down rather than in the sound bites during the Budget speech itself.
Economic crime levy
Another budget another new tax or this time an economic crime levy. This levy is intended to be paid by firms subject to the money laundering regulations to help fund new government action to tackle money laundering. A consultation document on the levy is promised later this spring.
Bank surcharge
Since 2016 banks have had to pay an 8% surcharge on (broadly) all their chargeable profits. The current surcharge legislation disregards carried-forward allowable losses transferred in from...
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As usual the devil was in the detail of the documents released when the chancellor sat down rather than in the sound bites during the Budget speech itself.
Economic crime levy
Another budget another new tax or this time an economic crime levy. This levy is intended to be paid by firms subject to the money laundering regulations to help fund new government action to tackle money laundering. A consultation document on the levy is promised later this spring.
Bank surcharge
Since 2016 banks have had to pay an 8% surcharge on (broadly) all their chargeable profits. The current surcharge legislation disregards carried-forward allowable losses transferred in from...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
