Finances of the Monarchy
A research briefing on the Finances of the Monarchy, including the Sovereign Grant, Duchies of Lancaster and Cornwall and tax arrangements for members of the Royal Family.
Documents to download
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VAT on 'labour-intensive' services (124 KB , PDF)
All Member States have limited discretion to set VAT rates under EU VAT law. Under a scheme agreed in October 1999, countries may introduce a reduced VAT rate on certain ‘labour-intensive’ services. Several countries have made use of the scheme, though the UK Government has shown no interest in doing so. This note discusses the development of European VAT law, before looking at this scheme in detail.
Documents to download
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VAT on 'labour-intensive' services (124 KB , PDF)
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The UK’s fiscal targets
This briefing looks at the UK's fiscal targets and wider policy for managing the public finances.
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The creative industries tax reliefs: Policy and development
The creative industries tax reliefs allow companies involved in the production of several artistic outputs to reduce their corporation tax liability. The first one was the film tax relief, and it was introduced in 2007.
