Stamp duty land tax surcharge on non-UK residents
With effect from 1 April 2021, a 2% stamp duty land tax surcharge will apply to non-UK residents purchasing residential property in England and Northern Ireland.
Stamp duty and stamp duty reserve tax
The main rate of corporation tax will now remain at 19% from 1 April 2020, despite original plans to reduce this to 17%. This remains the lowest headline rate in the G20.
Additionally, it was announced that the main rate of corpo...
The key personal announcements revealed in the Chancellor’s speech on 11 March 2020.
The key business announcements revealed on 11 March.
What the key industry groups have to say about the Chancellor’s Budget speech.
Three changes in the Chancellor’s pipeline.
Government statistics reveal shortfall.
Plastic packaging tax
A new plastic packaging tax will take effect from 1 April 2022 at a rate of £200 per tonne.
This will apply to plastic packaging produced in, or imported into, the UK that does not contain at least 30% recycled plastic.
Abolition of the ‘tampon tax'
The first headline for VAT in the Chancellor's speech came when Sunak announced that the UK leaving the EU presents an opportunity to introduce legislation applying the zero-rate of VAT to women's sanitary products.
Rates and allowances
The tax-free personal allowance will remain at £12,500 for the 2020/21 tax year throughout the UK.
The basic-rate band in England, Northern Ireland and Wales will stay at £37,500 and consequently, the higher-rate threshold will con...