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!
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 […]
