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It looks unlikely that the government will heed recommendations for moving the end of the tax year to a calendar month-end date, instead adding options to quarterly reporting that require careful transition planning.
While IHT escaped major changes in the Autumn Budget the Chancellor could be tempted to tweak the framework for IHT in future, writes James Ward. But what playbook would he use?
QUESTION: What were the main tax measures introduced by Chancellor Rishi Sunak in last week's Autumn Budget? A: Last week's autumn budget tinkered at the edges of the UK tax regime with announcements on the annual investment allowance limit, the new residential property developers tax, R&D tax relief, tax on disposal of land and property reporting and creative sector reliefs and various duties.
Proposals to increase CGT to align with income tax remain unrealised for now
Chancellor Rishi Sunak largely resisted the temptation to tinker with pension and inheritance taxes to fund his spending plans in his Autumn Budget on Wednesday.