On 14 November 2016, the Chancellor of the Exchequer, Phillip Hammond, delivered the Autumn Statement. Here we outline the key changes of interest to
The UK government is clearly keen to be ahead of the pack in implementing the G20 and OECD recommendations on interest deductibility. In the Autumn
The Chancellor of the Exchequer, George Osborne, yesterday delivered his Autumn Statement to the House of Commons.
The Chancellor gave his Budget for 2010 on 24 March.
The Registered Pensions Scheme 201011 Lifetime Allowance of £1.8 million and the Annual Allowance of £255,000 will continue to apply at these levels for the next five years, up to and including the tax year 201516.
The main announcement in the Pre-Budget Report 2009 (PBR) of interest to the investment funds sector was the fact that the new, temporary 50 bank payroll tax will be levied not just on banks but on other "taxable companies" to the extent that they pay their employees bonuses exceeding £25,000 (Bank Payroll Tax).
The Chancellor presented the PBR to Parliament on 9 December.
The Pre-Budget Report was delivered today and contains a number of features of interest.
It was announced in the Budget 2007 that the current offshore funds regime was to be changed.
In this year’s Budget, the UK Government claims that "in the face of a steep and synchronised global downturn", it has introduced measures of "targeted discretionary support" for the economy, particularly to help businesses’ short-term cash-flow and adjustment towards renewed economic growth.