In brief: 16 March 2023

Finance Bill

The Spring Finance Bill 2023 will be published on 23 March.

tinyurl.com/qsparlsfb23

Energy-saving materials

HMRC has updated VAT Notice 708/6: Energy-saving materials and heating equipment with updated information about installations by subcontractors in Great Britain and Northern Ireland.

tinyurl.com/hmrcvatn7086

Welsh income tax

The Welsh parliament has approved a resolution which sets out the Welsh rates of income tax for 2023-24. It sets the rate at 10p in the pound for the basic higher and additional rates of income tax in Wales ensuring parity with income tax in England and Northern Ireland for the year.

tinyurl.com/welshparltax

Tax transparency

Angola has become the 166th member and 35th African member of the global forum on transparency and exchange of information for tax purposes.

tinyurl.com/oecdglforum

Postponed accounting

HMRC has updated its guidance on how to account for import VAT on a return if postponed VAT accounting...