Research Briefing
Non-Domestic Rating (Nursery Grounds) Bill 2017-19
A briefing on the Non-Domestic Rating (Nursery Grounds) Bill 2017-19, which will establish that plant nurseries are exempt from business rates.
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Research Briefing
Insurance Premium Tax
Insurance Premium Tax (IPT) is charged on insurance premiums and covers most general insurance. This note gives a short history of the tax since it was introduced in 1993, including the rise in the main rate of tax confirmed in the Spring 2017 Budget.
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Research Briefing
Corporation tax in Northern Ireland
In March 2015 Parliament passed the Corporation Tax (Northern Ireland) Act 2015 which, subject to commencement regulations, will devolve corporation tax rate setting powers to the Northern Ireland Assembly. The Government has committed to commencing the regime if the NI Executive demonstrates its finances are on a sustainable footing. This note discusses the development of the Government’s policy and the wider debate over corporate tax competition.
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Research Briefing
Taxation of non-domiciles: recent developments
A person's 'domicile' is their permanent home, and while this is a concept of general law, it has long been an important consideration in an individual's liability to pay tax in the UK. "Non-domiciles" who live in the UK have been entitled to be taxed under the "remittance basis", where any overseas income or gains is only subject to UK tax if remitted to this country. In the Summer 2015 Budget the Government announced a number of major changes to non-domicile taxation which are to take effect from April 2017. This paper discusses the background to these proposals and the current debate as to their impact.
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Research Briefing
Armed Forces accommodation allowance exemption
In the Autumn Budget 2017 the Government announced that it would introduce an income tax and NICs exemption for certain allowances paid to Armed Forces personnel for renting or maintaining accommodation in the UK private market. Provision to this effect was included in the Finance Bill published after the Budget, and now forms section 8 of Finance Act 2018.
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Research Briefing
Taxable benefits in kind: Budget 2016
Finance Bill 2016 includes provision - specifically clause 7 of the Bill - to ensure that if there is a specific statutory provision for calculating the tax charge on a benefit-in-kind this must be used. This note explains the purpose of this clause.
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Research Briefing
Social Security (Contributions) (Amendment) Regulations SI 2018/120
The Social Security (Contributions) (Amendment) Regulations SI 2018/120 were laid on 1 February, and came into force from 6 April 2018.
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Debate Pack
Debate on a Motion of Section 5 of the European Communities (Amendment) Act 1993
This landing page gives background to the debate on a motion of section 5 of the European Communities (Amendment) Act 1993, which will take place on 30 April 2018.
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Research Briefing
Rating (Property in Common Occupation) and Council Tax (Empty Dwellings) Bill 2017-19
A briefing on the Rating (Property in Common Occupation) and Council Tax (Empty Dwellings) Bill 2017-19
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Research Briefing
Direct taxes: rates and allowances 2018/19
This paper sets out direct tax rates and principal tax allowances for the 2018/19 tax year, as announced in the Autumn Budget on 22 November 2017. 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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Debate Pack
Digital Taxation: Parliamentary debate 27 March 2018
On 27 March 2018 Neil O'Brien MP (Con., Harborough) has a debate in Westminster Hall between 2.30 and 4.00pm on the taxation of digital companies. This page gives a brief overview of the key issues.
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Research Briefing
The public finances: a historical overview
The past 300 years have seen major changes in the way Britain handles its public finances. This briefing paper looks at trends in public income, spending and debts during this time, and comments on how the money was raised, spent and scrutinised by Parliament.
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Research Briefing
Spring Statement 2018: A summary
A summary of Spring Statement 2018 and the Office for Budget Responsibility's forecasts for the economy and public finances.
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Research Briefing
Spring Statement 2018: Background briefing
The briefing sets out the background to Spring Statement 2018 which will take place on Tuesday 13 March 2018. The Office for Budget Responsibility (OBR) will publish revised forecasts for the economy and public finances on the same day.
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Debate Pack
Autumn Budget & Finance (No.2) Bill 2017
The Chancellor, Philip Hammond, presented the Government's first Autumn Budget on 22 November 2017. The Government published the Finance Bill, to implement the tax measures contained in the Budget, on Friday 1 December, and the Bill received a Second Reading on Monday 11 December.
Total results (page 18 of 36)