Earlier this month, the Government introduced the Taxation (Annual Rates for 2020-21, Feasibility Expenditure and Remedial Matters) Bill. It’s a bumper tax bill containing changes to several areas of tax law, many of which have been signalled for some time. The Bill is currently awaiting its first reading in Parliament.
In our June edition of Tax Tips, we provide a detailed discussion of the key changes in the Bill, including:
For more information on what’s in the Bill, go to Inland Revenue’s Tax Policy website.
Please get in touch with your usual PwC adviser if you’d like to discuss how any of these upcoming changes might affect you and your business.
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