Finance Acts of 2023 - Tax Update with Robert Jamieson

Introduction

This virtual classroom session will review the latest taxation changes as well as the current position following the detailed measures announced in the Budget on 15 March 2023 which are in F(No2)A 2023.

As well as explaining the effect of the legislation now that it has been enacted, this course will cover Robert’s initial planning thoughts on both sets of 2023 provisions.

What You Will Learn

This live and interactive course will cover the following:

• Income tax rates and allowances for 2023/24
• NICs for 2023/24
• Salaries, bonuses and dividends from family companies in 2023/24
• Income tax simplification for trusts
• Seed Enterprise Investment Scheme limits to increase
• Taxable car benefits for 2023/24
• Share schemes
• Pensions - important modifications
• Pension tax relief for ‘net pay’ arrangements
• Annual CGT exemption
• CGT on separation and divorce
• Contracts completed after ordinary notification period
• Share exchanges involving non-UK incorporated close companies
• Geographical scope of IHT reliefs and other IHT matters
• IHT relief for losses on share sales from deceased estates
• Planning for corporation tax in 2023
• Minimum controlling combinations and substantial commercial interdependence
• Full expensing for capital expenditure on plant or machinery
• Drafting error in CAA 2001
• More on capital allowances
• Expenditure on plant or machinery for electric vehicle charging points
• R&D tax relief reform
• Treatment of company profits from patents
• Multinational Top-Up Tax
• Domestic Top-Up Tax
• ATED in 2023

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.