- HM Treasury has extended the window to claim tax and NICs reliefs for operations in special tax sites within Freeports and Investment Zones from 5 years to 10 years
- Revised sunset dates are 30 September 2031 for English Freeports, 30 September 2034 for Scottish Green Freeports and Welsh Freeports, and 30 September 2034 for all Investment Zones
- The Business and Trade Committee of the House of Commons published a report recommending improvements in transparency and governance arrangements for Investment Zones and Freeports in England
- Recommendations include publishing evaluation data on impacts of zones, linking accountability to regional leaders, and potential improvements such as prioritized access to energy and extended planning freedoms.
Source: taxscape.deloitte.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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