Weekly tax brief | 8 March 2022

In this edition of RSM’s weekly round-up of the most important tax news, we cover the latest developments. Please feel free to share this update with any of your colleagues and invite them to sign up to our regular briefings here.

Spring Statement 2022: substance or soundbites?
George Bull
It would be unrealistic to expect the Spring Statement to produce a feelgood factor. However, all eyes will be on the Chancellor to – at the least – create a feel-not-so-bad factor. How might he do this? We review the possibilities.

Treasury consults retailers on plans for an online sales tax 
Sarah Halsted
A consultation on proposals for a new online sales tax is underway, which aims to rebalance the tax burden on high street and online retailers. The Treasury is seeking the views of the retail sector on its structure and possible impact.

Ring-fencing taxes and the Health and Social Care Levy
Jackie Hall
HMRC is encouraging employers to identify the impending uplift in National Insurance contributions on payslips as being used to fund the NHS, health and social care.