Tax Matters Digest

Tax Matters Digest

Read KPMG's bi-weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.

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Latest updates

Spring Budget 2024

Where to find our written commentary and recordings of our live events

Budget: Windfall tax on oil and gas extended

The Energy Profits Levy will be extended by a year to March 2029 and the price floor will be legislated  

Budget: Additional support for the creative industry sectors

Additional support for Independent Film and visual effects expenditure along with permanent extensions for cultural tax reliefs

Budget: SDLT Multiple Dwellings Relief abolished

Multiple Dwellings Relief from SDLT on purchases of residential property will be abolished from 1 June 2024  

Budget: Tax measures for Financial Services

Measures of particular interest to Financial Services include the Reserved Investor Fund and an increase to the Economic Crime Levy

Budget: further reduction to employee’s NIC confirmed

What are the issues for employers? 

Budget: Reform of the UK’s Non-Dom Regime

Chancellor announced the abolition of the non-dom regime from 6 April 2025 – we consider the impact of its residence-based replacement here

Budget: Inheritance Tax based on UK residence from 6 April 2025

Tax residence, not domicile, will determine whether non-UK assets are subject to UK inheritance tax from 6 April 2025

Budget: Other tax measures for business

Includes an extended window for Freeport and Investment Zone tax reliefs and increases in VAT registration threshold and landfill tax rates

The Economist's Toolkit in Transfer Pricing

An exploration of how economists use the ‘economist's toolkit' to solve transfer pricing problems

International review for February 2024

Tim Sarson reports on the OECD’s first statistics on ICAP, EU updates and Australia publishing revised draft CbCR legislation

Week in Tax – 19 – 23 February 2024

Every week, KPMG member firms around the world publish updates on developments in their country. Week in Tax highlights a selection that may be of interest to our readers.

Week in Tax – 26 February – 1 March 2024

Every week, KPMG member firms around the world publish updates on developments in their country. Week in Tax highlights a selection that may be of interest to our readers.

Indirect Tax Weekly Talking Points – 28 February 2024

Read Talking Points to keep up to date on recent Indirect Tax developments. 

Indirect Tax Weekly Talking Points – 6 March 2024

Read Talking Points to keep up to date on recent Indirect Tax developments. 

Other news in brief

A round up of other news this week.

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