• Service: Tax, Global Indirect Tax, Global Mobility Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 12/5/2013

United Kingdom - Tax proposals in government’s “Autumn Statement” 

December 6: The KPMG member firm in the UK has prepared a report that pulls together and describes the tax proposals in the 2013 “Autumn Statement.”

Read the December 2013 report [PDF 909 KB] prepared by KPMG in the UK: Weekly Tax Briefing (6 December 2013)

December 5: UK Chancellor George Osborne today delivered his 2013 "Autumn Statement" providing an update of the government’s plans for the economy based on the latest forecasts from the Office for Budget Responsibility, also published today.

The KPMG member firm in the United Kingdom has created a webpage dedicated to the Chancellor's Autumn Statement, where KPMG professionals provide discussions, reports, blog postings, and other observations of various aspects of the proposed tax policies.

For example, the KPMG comments or topics address tax measures included in the Autumn Statement, that would:

  • Cap business tax rates
  • Subject owners of UK property living abroad to capital gains tax
  • Reduce by half the final period exemption from capital gains tax
  • Increase the bank levy
  • Provide new tax incentives for onshore oil and gas projects
  • Provide loans of up to £50 million to help international buyers access British goods and expertise
  • Reject earlier plans for a proposed fuel duty increase of 1.16 pence per litre, planned for September 2014
  • Repeal the stamp duty on Exchange Traded Funds (ETFs)
  • Provide partial stamp duty relief for charities
  • Provide tax relief for social enterprise investment
  • Improve existing film tax relief

Read about these and other topics on the KPMG Autumn Statement webpage.

©2014 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International.

KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.

The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Direct comments, including requests for subscriptions, to
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.


Share this

Share this


Subscribe to receive the latest TaxNewsFlash email alerts (you must select the option for TaxNewsFlash)

Already a Subscriber? Login

Not a member? Subscribe now