.png)
.png)
The right balance
Key points
- Residential property developer tax would ensure developers make a ‘fair contribution’ to the costs of remediation.
- Amendments for the plastic packaging tax will ensure HMRC complies with its international obligations.
- The uncertain tax treatment measure breaks new ground.
- Retrospective legislation is not the same as retrospective taxation.
- New power will give the government the flexibility to instigate income tax and National Insurance reliefs in the event of a disaster or emergency.
The public bill committee resumed with a discussion on the new residential property developer tax (RPDT) (clauses 32 and 33). Financial secretary to the Treasury Lucy Frazer reminded the MPs that this measure had been introduced as part of the building safety package announced in February 2021. The intention is to ensure developers make a ‘fair contribution’ to the costs of remediation such as the removal of cladding. The tax will be charged at...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
