29 Mar 2023
In this podcast, Zoe Andrews and Tanja Velling discuss a few highlights from the Spring Budget, including certain pensions tax changes, the temporary introduction of full expensing for expenditure that would otherwise attract capital allowances at the main rate of 18%, an update on tax reliefs for research and development and changes to the application of certain administrative provisions in respect of the assessment of capital gains tax (or corporation tax on chargeable gains) on the completion of unconditional contracts.
The podcast also covers four recent cases: the First-tier Tribunal’s decision in Muller on the application of the intangible fixed assets regime to partnerships, the Upper Tribunal’s decision in Prudential on the interaction of the VAT grouping rules and the time of supply rules, the Court of Appeal’s decision in Mitchell on HMRC’s powers to disclose documents without taxpayer consent, and the Supreme Court’s decision in News Corp applying the “always speaking” principle to the VAT legislation to consider whether “newspapers” could include digital as well as print editions.
Text alternative. Tax news highlights - March 2023
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This material is provided for general information only. It does not constitute legal or other professional advice.
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