CONSULTATIONS
Consultation papers have been issued on:
• Behavioural penalty reform, covering HMRC inaccuracy and failure to notify penalties. • Enhancing HMRC’s ability to tackle tax advisers facilitating non compliance. • Closing in on promoters of marketed tax avoidance. • Advance Tax Certainty for Major Projects. • R&D reliefs advance clearances. • Exemption from Stamp Duty and Stamp Duty Reserve Tax for the Private Intermittent Securities and Capital Exchange System (PISCES).
ISAs
Options for reforms of Individual Savings Accounts “that get the balance right between cash and equities to earn better returns for savers” are being examined by the Treasury.
HOME OFFICE FEES
A range of Home Office fees will rise from 9 April 2025, including fees for Electronic Travel Authorisation (ETA), visas, sponsorship, immigration, nationality and passports. The level of increases ranges from 5% for some visas to 120% for Certificates of Sponsorship. These increases are projected to produce £400 million of additional income by 2029/30.
GET IN TOUCH
If you would like to discuss the Spring Statement announcements in more detail, or would like to know more about how they could affect your tax, pension, or financial planning position, please do not get hesitate to get in touch with Roger Phillips or Antony Keen using the details below:
Roger Phillips Partner - Tax 01254 604337 roger.phillips@pmm.co.uk
Antony Keen Partner - Financial Planning 01254 604303 antony.keen@pmm.co.uk
6
Made with FlippingBook Digital Proposal Creator