Research Briefing
Opposition Day Debate: Effect of Government policy on the finances of working people
On Tuesday 21 September there will be an Opposition Day Debate on the "Effect of Government policy on the finances of working people"
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Research Briefing
Tax Strategy and Government Policy
What principles should shape the tax system? This briefing paper examines what can be learnt from research and policy.
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Research Briefing
Scotland: Public spending and revenue
Public spending and taxation in Scotland was a hotly debated issue in the run up to the Scottish independence referendum, and has remained so since. A range of statistics exist on the subject: here we look at what these say and how they are measured.
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Debate Pack
Stamp Duty Land Tax (Temporary Relief) Bill 2019-21
The Stamp Duty Land Tax (Temporary Relief) Bill 2019-21 implements a temporary increase in the stamp duty land tax nil rate band, announced by the Government on 8 July 2020. The Bill completed all of its stages in the Commons on 13 July, and this legislation received Royal Assent on 22 July.
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Research Briefing
Tax Relief for Childcare
This note discusses the current, limited, tax relief given for employer-supported childcare, and the case that has been made for wider relief on these costs.
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Research Briefing
Air passenger duty: recent debates & reform
This paper looks at the recent debate on taxing aviation, in the context of concerns about the structure of air passenger duty (APD), the rates of tax, earlier reforms to APD in the 2014 Budget, and the current Government's consultation on aviation tax launched in March 2021. The development of APD since its introduction is set out in two other Commons Briefing papers (CBP413 & CBP6426).
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Research Briefing
Taxation in the construction industry
For over 30 years businesses in the construction industry have operated a special scheme to account for tax on payments made between contractors and subcontractors. After a long period of consultation, the 'Construction Industry Scheme' was reformed in 2007. This note discusses the background to this reform, and recent reforms to tackle VAT fraud in this sector.
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Research Briefing
VAT on sanitary protection
This briefing discusses the way sanitary protection is charged VAT - more specifically, the Labour Government’s introduction of a 5% rate from 1 January 2001, which was then the lowest rate then permissible due to EU VAT rules, and, more recently, with the UK's departure from the EU, the current Government’s introduction of a zero rate from 1 January 2021.
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Research Briefing
Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill 2021-22
A briefing paper on the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill 2021-22
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Research Briefing
Corporate tax reform (2010-2020)
This note discusses the Coalition Government’s approach to corporate tax reform since 2010, focusing on the reductions made to the main rate, the decision to set a single rate of tax, and the reforms made to tax reliefs for capital investment. It goes on to examine the debate over corporate tax avoidance and the international efforts, led by the OECD, to tackle avoidance by multinationals through ‘Base Erosion and Profit Shifting’ (BEPS). It concludes by providing an update on these issues up to the end of 2020.
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Debate Pack
Spring Budget 2021 and Finance (No.2) Bill 2019-21
The Chancellor Rishi Sunak presented the Spring 2021 Budget on 3 March. The Finance (No.2) Bill 2019-21 was published on 11 March, and completed its scrutiny in the House of Commons on 24 May 2021. The Finance Act 2021 received Royal Assent on 10 June 2021.
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Debate Pack
Recommendations for the forthcoming Tobacco Control Plan
A Westminster Hall debate on 'Recommendations for the forthcoming Tobacco Control Plan' has been scheduled for Thursday 10 June 2021. The debate has been initiated by Mary Kelly Foy MP.
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Insight
Tax strategy and Government policy
What are the different approaches to taxation that might appear in a tax strategy?
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Research Briefing
Tax avoidance: a General Anti-Abuse Rule
UK tax law is specifically targeted rather than purposive: in tackling the exploitation of loopholes in the law, governments have legislated against individual avoidance schemes as and when these have come to light. This note looks at the case that has been made recently for a general anti-avoidance rule, and the Coalition Government's introduction of a 'narrower' General Anti-Abuse Rule in 2013.
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Research Briefing
Direct taxes: rates and allowances 2021/22
This paper sets out direct tax rates and principal tax allowances for the 2021/22 tax year, as confirmed in the 2021 Budget on 3 March 2021. The paper outlines the conditions necessary for eligibility for these tax allowances, and provides a summary of the general tax position in straightforward cases.
Total results (page 10 of 33)