Weekly tax brief | 12 March 2019

Tax and the Spring Statement – tax consultations to watch out for
George Bull
Although the official ‘mood music’ surrounding the Chancellor’s Spring Statement on Wednesday suggests that he won’t be making specific tax proposals, it’s important to keep an eye on tax consultations. We summarise our expectations.

Replacing the personal tax allowance with a weekly national allowance: could it work?
Andrew Hubbard
A recent report recommends that the personal tax allowance should be abolished for everybody and replaced by a flat rate universal payment of £48.08 per week. We look at the issues and ask whether this might work.

Bringing balance to the offshore debate: after Brexit, taxpayers and tax collectors must know where they stand
Rachel de Souza
With all eyes on Brexit this month, we reflect on how the government will protect the income tax base in the post-Brexit era. Expatriates may need to be particularly wary, but the UK’s extensive network of Double Tax Treaties should come to their aid.

Fixing the international tax system 
Nick Blundell
There’s no doubt that the current global corporate tax system has its flaws, but are the proposed changes ever likely to be adopted? And while they may attempt to tackle the problems caused by alleged profit-shifting by multinationals, where would they leave SMEs?

 

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