Global

Details

  • Service: Tax, Global Indirect Tax, International Executive 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.




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