UK Tax Policy Map 2024

This Tax Policy Map brings together current and expected tax policy developments in the UK and selected global tax policy developments likely to impact the UK.

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Abbreviations

AA AA

Transparency and documentation

Corporate transparency & register

Transfer pricing docs review

Transparency standards – GRI207, WEF

EU public CBCR

Unshell: EC shell entities for tax

SAFE: enablers of tax evasion

Transparency of land ownership involving trusts

Encouraging investment

Freeports

UK Individual Savings Allowance

Investment Zones

Reform of R&D reliefs

Reform of creative sector tax reliefs

Corporate re-domiciliation consultation

Review of the UK funds regime

Solvency II: insurance firms

Venture capital reliefs review

Tax advantaged employee share schemes

Review of foreign direct investment

Road to Net Zero

International developments

UK environmental strategy

UK Emissions Trading System and CBAM

EU Emissions Trading System and CBAM

Taxation of ecosystem service markets

Landfill tax review

Drink deposit return schemes

Plastic packaging tax – tracking of recycled content

International trade

70+ existing FTAs

New FTAs (inc. CPTPP)

TCA, future UK-EU relationship

Wider trade issues

2025 borders strategy

Customs: low-value post and parcel exports

Voluntary standard for customs intermediaries

Customs: future of customs declarations

Customs: temporary admission

International taxation

Pillar One profit re-allocation

Pillar Two global minimum tax

Taxing cryptoassets

EU: single CT rulebook (BEFIT)

Fiscal re-balance

Government’s growth plan

Labour tax policies

Fiscal re-balance

Energy Profits Levy and Energy Security Investment Mechanism

Simplification of the tax system

OTS: review of CGT

OTS: third party data

Basis period reform

Expanding the cash basis

VAT: partial exemption, CGS

VAT: public sector refund rules

Land and property VAT rules

EU WHT: proposal for new system

EU transfer pricing directive

OTS: review of property income

Taxation of pension benefits reform

Furnished Holiday Lettings tax regime abolished

Changes to the High Income Child Benefit Charge

Modernising the tax system

Digital platform reporting

Tax administration framework review

Modern working practices

Mandatory payrolling all benefits in kind

Aligning tax year ends

Stamp duty on shares

VAT: sharing economy

Reform of VAT Terminal Markets Order

Business rates review

Making tax digital for income tax

Simplifying and modernising Income Tax

Reform of taxation of non-domiciled taxpayers

Making tax digital for corporation tax

Modernising tax debt collection

OTS: hybrid and remote working

Other changes

Timely payment

Transfer pricing, PEs, and DPT reforms

Charities compliance consultation

Improving data HMRC collects

Employee Ownership Trusts and Employee Benefit Trusts

Tax incentives for occupational health

Vaping products duty

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