TAX POLICY

Responses to consultation sent a ‘strong message’ that applying the proposed tax exemption for overseas branch profits to all territories, and the inclusion of chargeable gains, would enhance the competitiveness of the UK regime, HM Treasury said.

The release of the Vickers report on the future of the UK banking industry makes it opportune to make a few observations on the current taxation policy for the banking sector.

Andrew Goodall reports on growing support for the idea of a tax on financial transactions

The Finance Bill completed its second reading in the House of Commons last night, after almost five hours of debate.

Thirty-four tax consultations are expected to be launched during the next three months, the Treasury revealed as it published its new Tax Consultation Framework and a summary of responses to the consultation launched last December. The Framework sets...

‘George Osborne’s tax raid on North Sea oil producers will not stop one of the UK continental shelf’s most dedicated drillers from increasing production in the region by more than a quarter this year.

‘Angel investors are to be given more tax breaks to encourage investment in nascent businesses as part of David Cameron’s efforts to build an enterprise culture based on the nation’s “doers and grafters”.

‘Britain is open for business’ said the Chancellor last week as he reiterated the government’s ambition to create the most competitive tax system in the G20.