Some businesses will welcome and benefit from changes that re-level the playing field, says Marc Welby.
A range of views from practitioners on missed opportunities in the Budget.
The tables are available as a PDF download only.
Our corporation tax rate is now sufficiently low for UK resident companies potentially to qualify as CFCs for the purposes of other tax regimes such as Germany, says Tony Beare.
We have seen ‘return’ signals from some companies that left the UK and other groups are looking at relocating, says Bill Dodwell.
The fact that changes have been made is a triumph of the consultation process, says Pete Miller.
The reference is to an ‘anti-abuse’ rule gives some hope that the GAAR proposals will be close to the Aaronson proposition, says James Bullock.
A relatively modest change reflects the immense weight HMRC attaches to co-operation with foreign revenue authorities, says Jonathan Levy.
The Chancellor's margin for error remains very small compared to the uncertainties involved, says John Hawksworth.
The big increase in the personal allowance and the clampdown on avoidance keep the Coalition together, says David Smith.