What Does the UK 2024 Spring Budget Mean for Tax?
The UK Chancellor, Jeremy Hunt, delivered his Spring Budget today (06 March 2024). Although the Chancellor’s focus was on cutting personal tax to attract voters ahead of the near term general election, he emphasised his commitment to improving UK business growth and productivity. A number of business measures were announced though many were tidying up points rather than fundamental changes […]
Autumn Statement 2023: Boosting Business Growth in the UK
Minimum tax has been discussed in the international tax arena for some time now, and certain jurisdictions already apply some form of ‘minimum tax’ in the domestic setting, such as corporate minimum tax (CMT) in Ontario, Canada and the corporate alternative minimum tax (CAMT) in the USA. In introducing the minimum tax concept into UK legislation, the UK is in line with the growing international trend on this topic.
If you have any questions on how the proposed measures might affect your business, do get in touch!
Global Minimum Tax
Minimum tax has been discussed in the international tax arena for some time now, and certain jurisdictions already apply some form of ‘minimum tax’ in the domestic setting, such as corporate minimum tax (CMT) in Ontario, Canada and the corporate alternative minimum tax (CAMT) in the USA. In introducing the minimum tax concept into UK legislation, the UK is in line with the growing international trend on this topic.
If you have any questions on how the proposed measures might affect your business, do get in touch!
What Does the UK Spring Budget Mean for Tax?
The UK Chancellor, Rishi Sunak, delivered his Spring Statement today (23 March 2022). In terms of measures relating to companies involved in the project finance arena, one of the main items of note was the announcement of the government’s Tax Plan for the remainder of this parliament. Tax Plan At the Autumn Budget 2022, the […]
Autumn Statement 2022
The UK Chancellor of the Exchequer, Jeremy Hunt, delivered his Autumn Statement on the 17th of November 2022. Details of the Statement can be found here. This followed on from the Mini-budget and Growth Plan delivered by Kwasi Kwarteng, which unsettled the markets, and was discussed in our September blog. The Chancellor had previously announced […]
An Update on the UK Mini-budget
The new UK Chancellor, Jeremy Hunt, delivered a fiscal statement on October 17th 2022, in a bid to reassure the markets and bring a degree of financial stability after Kwasi Kwarteng, the then Chancellor’s Mini-budget of September 23rd 2022 caused a period of economic turmoil for the UK. The Medium-Term Fiscal Plan is still scheduled […]
The UK Mini-budget
The UK Chancellor of the Exchequer, Kwasi Kwarteng, delivered his Mini-budget on 23 September 2022. The full suite of documents can be found here. The proposed tax measures of particular interest to companies involved in the project finance arena are discussed below. Corporation tax rate rise scrapped ‘The planned increase of the main corporation tax rate […]
UK Spring Statement 2022: What does it mean for tax?
The UK Chancellor, Rishi Sunak, delivered his Spring Statement today (23 March 2022). In terms of measures relating to companies involved in the project finance arena, one of the main items of note was the announcement of the government’s Tax Plan for the remainder of this parliament. Tax Plan At the Autumn Budget 2022, the […]
