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IN BRIEF

Views on recent developments in tax.

More work to do on Making Tax Digital.
Hidden simplification measures.
The latest EMI changes and where we are now with other UK tax favoured plans.
The R&D relief ‘roller coaster’ continues.
Capital allowances full expensing and possible simplification.
‘Green shoots’ for SMEs.

Corporate view.

‘Closing loopholes’, ‘paying your fair share’ and ‘suronomics’.
Raids were up more than 40% in 2022/23 as a result of HMRC resuming ‘business as usual’ compliance activity after the pandemic.
The Upper Tribunal rules that, for PPR purposes, the ‘period of ownership’ runs from the day you own the dwelling-house, not the underlying land.
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