Trade agreements: will UK scrap digital services tax?
As the UK Government heralds the vital need for a post-Brexit trade deal with the USA, it finds itself under pressure from the USA on many fronts: the Iranian nuclear deal, contracts with 5G telecoms supplier Huawei, doubts as to whether the UK is a reliable military ally of the USA and the UK’s planned digital services tax, to name but four. What’s the issue with the digital services tax?
Scottish Government to set out draft Budget plan before the UK Budget
The Scottish Government will set out its draft Budget plans on 6 February, more than a month ahead of the UK Budget. This raises two significant issues on the block grant and devolved taxes.
New Year, new shirts, new allowance – are retailers still scratching their heads?
In October 2018, the Chancellor unexpectedly announced a brand-new capital allowance for structures and buildings, but most companies are only now starting to see its impact. Large retailers have now navigated the busy Christmas period and even busier January sales which will hopefully yield a much-needed profit boost. Will the new allowance provide a further uplift to reduce their tax bills?