Tax watch: 6 September 2024

Tax watch

Budget representations: representations for the Autumn Budget should be made by 10 September 2024. See smartsurvey.co.uk/s/AutumnBudget24/.
Energy profits levy: changes announced in line with Labour party’s manifesto commit-ments. Energy profits levy (oil and gas) to be increased to 38% from 1 November 2024 with the levy extended to 31 March 2030 and the main investment allowance removed.
Furnished holiday lettings relief abolition: comments on draft legislation (closes 15 September).
Non-doms: policy paper sets out the government’s proposals including to not consult on moving to a residence-based system for IHT. Instead it will review stakeholder feedback provided following the Spring Budget and officials will carry out further external engagement over the summer on IHT policy design.
Pillar Two transitional safe harbour: comments on draft legislation (closes 15 September).
Tribunal decisions: consultation on potential amendments to the rules for each chamber of the First-tier Tribunal and the employment tribunals regarding the issuing of...

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Tax watch

Budget representations: representations for the Autumn Budget should be made by 10 September 2024. See smartsurvey.co.uk/s/AutumnBudget24/.
Energy profits levy: changes announced in line with Labour party’s manifesto commit-ments. Energy profits levy (oil and gas) to be increased to 38% from 1 November 2024 with the levy extended to 31 March 2030 and the main investment allowance removed.
Furnished holiday lettings relief abolition: comments on draft legislation (closes 15 September).
Non-doms: policy paper sets out the government’s proposals including to not consult on moving to a residence-based system for IHT. Instead it will review stakeholder feedback provided following the Spring Budget and officials will carry out further external engagement over the summer on IHT policy design.
Pillar Two transitional safe harbour: comments on draft legislation (closes 15 September).
Tribunal decisions: consultation on potential amendments to the rules for each chamber of the First-tier Tribunal and the employment tribunals regarding the issuing of...