Analysis by Alvarez & Marsal, Tax, Taxand UK
The UK Chancellor, Jeremy Hunt, this week announced the UK’s Spring Budget, which includes several amendments to the tax system.
Taxand experts from our UK firm Alvarez & Marsal Tax, Taxand UK, analyse the following changes in more detail:
- Potential interest rate cuts due to lower inflation forecasts, which could lead to pre-election tax reductions.
- Imminent R&D tax relief changes and the role of a new advisory panel.
- Implications of non-domicile tax regime reforms for businesses with international employees.
- Expected economic boost from tax reliefs in new Investment Zones.
- VAT reforms for carbon credit trading.
- Business investment and the reduction of the CGT rate on property sales.
- Multiple dwellings relief and the government’s levelling-up agenda on housing and science investments.
- Increased VAT registration threshold.
- Freeze on fuel duty.
Read the full analysis from our experts here.
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