Research Briefing
Managed Service Companies
This note discusses the introduction in 2007 of the 'Managed Service Companies' (MSCs) legislation, which sought to prevent the exploitation of this corporate form for tax avoidance.
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Research Briefing
Direct taxes: rates and allowances 2020/21
This paper sets out direct tax rates and principal tax allowances for the 2020/21 tax year, as announced in the 2020 Budget on 11 March 2020. The paper outlines the conditions necessary for eligibility for these tax allowances, and provides a summary of the general tax position in straightforward cases.
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Research Briefing
Coronavirus Bill: Statutory Sick Pay & National Insurance Contributions
This Commons Library briefing paper provides information the provisions relating to statutory sick pay and National Insurance Contributions in the Coronavirus Bill, which was introduced in the House of Commons on 19 March 2020 (Bill 122).
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Research Briefing
The Budget: What can ‘Dr No’ tell us about the challenges in designing the tax system?
Any Chancellor faces challenges in crafting tax changes – not least because they need to encourage people to pay them and ensure they can be collected.
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Insight
The Budget: What can ‘Dr No’ tell us about the challenges in designing the tax system?
Any Chancellor faces challenges in crafting tax changes – not least because they need to encourage people to pay them and ensure they can be collected.
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Debate Pack
Taxation on beer and pubs
A Westminster Hall debate on the ‘Taxation on Beer and Pubs’ has been scheduled for Wednesday 5 February 2020 from 2.30-4 pm. The debate has been initiated by Mike Wood MP.
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Research Briefing
Tax avoidance: a General Anti-Avoidance Rule – background history (1997-2010)
This note gives some background to the earlier debates there have been on the case for a general statutory prohibition of aggressive tax avoidance, in relation to the Coalition Government's introduction of a General Anti-Abuse Rule in 2013.
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Research Briefing
Taxing aviation fuel
At present, although road fuel is charged excise duty, which represents a substantial proportion of the pump price paid by motorists, aviation kerosene (AVTUR) which is used in jet engines is exempt from tax.
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Research Briefing
The October 2019 EU UK Withdrawal Agreement
Boris Johnson's Government negotiated a new 'deal' with the European Union, formed of a Political Declaration and a Withdrawal Agreement. This paper focuses on the Withdrawal Agreement and how it compares to the one negotiated by Theresa May's Government.
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Research Briefing
VAT on construction
This note sets out the VAT treatment of construction work and the UK's discretion in setting VAT rates under EU law, before looking at the debate on harmonising VAT rates on all types of construction work.
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Research Briefing
Inheritance tax and civil partnerships
This note looks at the debate on the treatment of spouses and civil partners for the purposes of inheritance tax, principally in the context of the passage of the Civil Partnerships Act 2004, and the provisions in Budget 2005 to ensure the tax system treated each in the same way.
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Research Briefing
Income tax – cap on unlimited reliefs
In Budget 2012 the Government announced that from April 2013 it would introduce a cap on certain unlimited income tax reliefs. Initially many charities raised concerns that this could have a very serious impact on the incentives for those on higher incomes to make charitable donations. In December 2012 the Government confirmed it would proceed with the cap, though tax relief on charitable donations would be excluded from its scope. This note gives more details.
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Research Briefing
Age-related personal allowance
All taxpayers are entitled to receive a personal allowance to set against their income for tax purposes. Individuals aged 65 and over have been entitled to receive an additional allowance; an extra addition has been made for those age 75 and over. This note gives details of the allowance and the Coalition Government's decision, first announced in Budget 2012, to phase it out from 2013/14.
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Research Briefing
Self-employment in the construction industry
This note gives some background to the question of employment status and the difficulties it has caused in the construction sector, before discussing initiatives by both the Labour Government in 2009 and the Coalition Government in 2014, and more recent debates as to the possibility of a longer-term solution to this issue.
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Research Briefing
National Insurance Contributions (Termination Awards and Sporting Testimonials) Bill 2017-19
The National Insurance Contributions (Termination Awards and Sporting Testimonials) Bill, Bill 381 of 2017-19, was presented on 25 April 2018.
Total results (page 8 of 26)