Tax Administration and Maintenance (TAM) Day: Government Update

What changes you should expect

TAM Day Blog HDH Accountants

Tax Administration and Maintenance (TAM) Day: Government Update

Table of Contents

Chancellor Rishi Sunak announced his commitment to the TAM day (30th of November), and the continued efforts to making the tax system as effective, modern and simple. On the day, 30 publications were released that included draft regulations as well as policy papers, corporate reports and more.

The government outlined more details regarding areas such as conclusions around business rates, administrative reforms, as well as their commitment to making tax affairs simple, modern, and effective to support taxpayers in staying compliant.

Publication Outlines

Publications such as a call for evidence to outline what role umbrella companies have in the labour market, reformation of registration for Income Tax Self-Assessment (ITSA) were released. A further Research and Development Tax Credits report was released which provides further details to changes to the incentive following the Autumn Budget. The report provides clarifications on two main points from the Budget announcement, including the expansion of qualifying expenditure to now include cloud computing and data costs which was a long-anticipated change, and the discontinuation of oversea expenses as a qualifying expenditure cost.

Tax Related Blogs
Self Assessment Scams Blog

Self-assessment Scams

Self Assessment Scams are definitely not a thing of the past. Click to learn more about how to stay alert and avoid ingenuine ads.

Read More »

Table of Contents

Get In Touch Today

We would love to give you more information about our monthly packages

Find out more about:

  • The list of services we offer
  • How quickly we can have you set up 
  • A free consultation to go through all of your requirements