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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

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!