Presenter
Martyn Ingles
What's Included
To update delegates on recent and proposed changes in taxation that are relevant to their clients.
SPRING BUDGET 2024 OVERVIEW
Personal Tax
Income Tax charge & rate
Starting Rate for Savings Limit
Collective money purchase (CMP) winding up
Changes to the Capital Gains Tax rate on UK residential property disposals
High Income Child Benefit Charge threshold
IHT Agricultural property relief and woodlands relief restricted to UK land
Corporate Tax
Corporation Tax rates
Additional support for independent films
Permanent extension for higher rates of TTR, OTR, MAGTR
Stamp Duty Land Tax
SDLT Multiple Dwellings Relief (MDR)
SDLT — Acquisitions by Registered Social Landlords and Public Bodies
SDLT– First-time Buyers’ Relief: Leases and Nominees
Other Levies and Duty Changes
Energy Profits Levy – Energy Security Investment Mechanism
Economic Crime Levy
Anti-Avoidance
Changes to Transfer of Assets Abroad Provisions
Bringing Carbon Credits trades into scope of Terminal Markets Order (TMO)
DIY Housebuilders Scheme: Power to request evidence
Tax Administration and Other Measures
Penalty Reform — VAT Credit Amendment
Measures in Spring Budget 2024 but not in Spring Finance Bill 2024
A reduction in the main rates of Primary Class 1 and Class 4 NICs
Class 2 National Insurance contributions — Commitment to Consult
Replacing Non-UK Domicile tax rules with a residence-based regime
UK Individual Savings Account (ISA)
ISAs and Fractional Share Contracts
Amending to Gift Aid legislation
Abolition of the Furnished Holiday Lettings (FHL) tax regime
Tax on environmental land management and ecosystem service markets
Technical consultation on extending full expensing to leased assets
Additional tax relief for expenditure on visual effects
Energy Profits Levy — One Year Extension
Freeport tax reliefs sunset date extension
Amendments to Common Reporting Standard (CRS2)
Crypto-Asset Reporting Framework (CARF)
Easing the payment of Inheritance Tax before probate or confirmation
Guidance on deductibility of training
Vaping Products Duty
Alcohol Duty Uprating
Closure of the Alcohol Duty Stamps Scheme
VAT Registration Threshold: increase to £90,000
Landfill Tax Rates for 2025 to 2026
Landfill Communities Fund 2024 to 2025
Air Passenger Duty rates (APD) 2025-2026
Fuel Duty main rates
Road Fuel Gases Rates
VAT Treatment of Private Hire Vehicles
Raising standards in the tax advice market: Regulatory Framework
Tackling non-compliance in the umbrella company market
FINANCE ACT 2024 GETS ROYAL ASSENT
MTD FOR INCOME TAX – DIGITAL REQUIREMENTS REGULATIONS
HMRC MTD ITSA Update Notice – 22 February 2022
A relevant person within charge to income tax under Part 2 of ITTOIA 2005 A relevant person with property
Income chargeable to Part 3 of ITTOIA 2005
Turnover below the VAT registration threshold
Retail sales
RECENT TAX CASES AND OTHER RECENT DEVELOPMENTS
Camping Pods were Plant and Machinery
HMRC “Nudge” Letters – Check your AIA claim
New Forms for Marriage Allowance and Job Expenses
Changes to the form R40
2024/25 Annual Tax on Enveloped Dwellings (ATED) returns
Sub-contracted R&D under the new “Merged” R&D Regime
Existing R&D rules Calculation of qualifying R&D expenditure under existing rules
Finance Act 2024 - Merged R&D rules
Double Cab Pick-Up Handbreak Turn
EIM23151 - Car benefit: double-cab pickups 1 July 2024 onwards
CA23511 - Plant and Machinery Allowances (PMA): double cab pick-ups
Example - Showing Difference In Tax Treatment From 1 July 2024
Termination payments — HMRC Clearance
Advisory Fuel Rate for Company Cars
Accountants in general practice who advise on tax planning and compliance.
