Details

  • Service: Tax
  • Type: Regulatory update
  • Date: 12/6/2011

UK Finance Bill 2012 - Relevance to the finance industry in the Isle of Man

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The Government committed to publish the majority of Finance Bill measures at least three months prior to introduction, including the publication of draft legislation where possible. The consultations commencing 6 December 2011 fulfil this commitment in advance of Finance Bill 2012.

UK Finance Bill 2012 draft clauses 

December 6: The draft clauses published today will be subject to specific consultation until 10 February 2012, before being included in the 2012 Finance Bill.
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A summary of the tax provisions, prepared by the KPMG member firm in the UK, provides an overview of the proposals: Finance Bill 2012 draft clauses.