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UK Extending Tax Relief for Freeports and Investment Zones

07 May 2024

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Approved Changes

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United Kingdom

UK HMRC published a policy paper on 30 April 2024 concerning the extended availability of tax relief for Freeport and Investment Zone special tax sites from 5 to 10 years. --- Extension to when tax and National Insurance contributions reliefs are available in Freeport and Investment Zone special tax sites Who is likely to be affected Businesses investing and hiring new employees in or connected with Freeport or Investment Zone special tax sites. General description of the measure This measure extends the window to claim the tax reliefs available in Freeport and Investment Zone special tax sites from 5 to...