Tax Matters Digest
Tax Matters Digest
Read KPMG's bi-weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
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Where to find our written commentary and recordings of our live events.
Budget: Full expensing for plant and machinery
Chancellor’s plan to replace the super-deduction regime will be welcomed by businesses but will it achieve its purpose?
Budget: Tax incentivised UK Investment Zones to be established
Funding of £80 million each to provide support with spending and access to tax incentives for refocussed Investment Zones.
Budget: R&D reforms and additional support for R&D intensive SMEs
Additional targeted support for R&D intensive SMEs announced and an update on the timing of wider reforms to the R&D tax relief regimes.
Budget: Reforms to the Creative Sector Tax Reliefs
Audio-visual (film, TV and video games) tax reliefs move towards an expenditure credit with a higher rate of relief than the current system.
Budget: Additional flexibility in UK tonnage tax regime
The Budget announcements include some significant changes to the UK tonnage tax regime.
Budget: changes to pension savings limits
From 6 April 2023 the pension savings annual allowance will increase and the lifetime allowance charge will be removed.
Budget: Enterprise Management Incentives easements
Welcome changes for tax-advantaged employee share plans – here’s what you need to know.
Budget: Restriction of charitable reliefs to UK charities and CASCs
Removal of charitable tax reliefs for EU and EEA charities.
Budget: Consultation on APR and environmental land management
Consultation considering extension of Agricultural Property Relief to non-agricultural land stewardship and tightening rules for tenancies.
Budget: Tax measures for insurance businesses
Changes concern the taxation of reinsurance and court directed write downs of insurer’s liabilities (including annuities).
Measures include multinational and domestic top up taxes, changes to REIT and QAHC rules, and updates on landfill tax consultations.
Court of Appeal judgment on cross border consortium and group relief
VolkerRail Plant Ltd & Ors v HMRC [2023] EWCA Civ 210
Indirect Tax Weekly Talking Points – 8 March 2023
Read Talking Points to keep up to date on recent Indirect Tax developments.
Indirect Tax Weekly Talking Points – 15 March 2023
Read Talking Points to keep up to date on recent Indirect Tax developments.
Week in Tax – 27 February - 3 March 2023
Every week, KPMG member firms around the world publish updates on developments in their country. Week in Tax highlights a selection that may be of interest to our readers.
Week in Tax – 6 - 10 March 2023
Every week, KPMG member firms around the world publish updates on developments in their country. Week in Tax highlights a selection that may be of interest to our readers.
Week in Tax – 13 - 17 March 2023
Every week, KPMG member firms around the world publish updates on developments in their country. Week in Tax highlights a selection that may be of interest to our readers.
A round up of other news this week.
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