FB 2012

Finance Bill: Gauke defends corporation tax rate reduction

Clause 3 (personal allowance for 2012/13 for those aged under 65), clause 5 (main rate of corporation tax for financial…
30 Apr 2012

Finance Bill: Income tax basic rate limit agreed

Clause 2 (basic rate limit for 2012/13) of the Finance Bill was agreed yesterday by the Public Bill Committee. Opposition…
25 Apr 2012

VAT anomalies consultation extended

HMRC has extended by two weeks the consultation period for proposed changes to the VAT system, including what has become…
23 Apr 2012

Finance Bill proceedings: Committee of the Whole House, 18 and 19 April

The Committee of the Whole House has concluded its consideration of the Bill. A Public Bill Committee will begin its consideration…
20 Apr 2012

FB 2012 changes to the REIT regime

John Challoner and Kristy Cooper explain why the changes to the REIT regime due to be implemented in FA 2012 will provide a boost to the property market.
18 Apr 2012

Finance Bill 2012: Debt buy-back legislation

Following FA 2010, exceptions to the deemed release rules are further restricted by Finance Bill 2012 with retrospective effect. David Southern analyses the background to and nature of these changes.
12 Apr 2012

Finance Bill 2012: the new measures

Mike Gibson examines the most significant developments in the Bill since publication of the draft provisions last year.
12 Apr 2012

‘Largest Finance Bill in UK history’ has 686 pages

The task of simplifying the UK’s tax system is becoming ‘near impossible’, a leading tax expert said after the publication…
29 Mar 2012

Finance Bill 2012: the UK Patent Box regime

Jonathan Bridges and Rhiannon Jones explain how the latest draft provisions work, and Kullervo Maukonen explains (below) why GSK supports the proposed regime.
16 Feb 2012

Finance Bill 2012: Distributions in specie

Ashley Greenbank examines the draft provisions concerning distributions arising from intra-group transfers of assets.
9 Feb 2012

Anti-avoidance: plant & machinery allowances

Richard Carson reviews the new draft anti-avoidance regime for plant and machinery allowances and discovers that taxpayer concerns expressed during consultation are not entirely allayed.
9 Feb 2012