The DST raised 30% more than expected in its first year.
Digital services tax risks becoming permanent
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Business Tax
Full expensing introduced for companies from 2023-26
Companies will be able to deduct 100% of qualifying investments.
Tax breaks for startups face withdrawal
SEIS, EIS and VCTs could close in 2025.
Trade associations call for green super deduction
Experts hope tax breaks would encourage SMEs to invest in net zero.
FSB criticises plans to reduce SME R&D support
Small businesses less likely to invest after the cuts.
ATT urges the Government to revise AIA rules
“Strange arithmetic intricacies” could “catch out” taxpayers.
ICAEW calls for taskforce to tackle HMRC backlog
“Unacceptable delays” are stifling the UK’s economic growth.
Tax take hits £553 billion due to threshold freezes
Revenue is up by £48bn on the same period last year.
Total tax take falls in November
Tax receipts were down by £5.3 billion compared to October 2022.