KPMG in the UK’s comments on some key Finance Bill clauses, where there have been changes since the draft version issued in December 2010, can be found on this page. Further information on those draft clauses where no or little change has been made, or where the changes were covered in the Budget, can be found in our December 2010 Finance Bill Draft Clauses commentary and our 2011 Budget commentary.
The draft legislation dealing with the foreign branch exemption has been substantially revised in Finance Bill 2011.
A number of changes have been made to the CFC interim improvements included in Finance Bill 2011 to make it easier for businesses to benefit from them.
A topic of significant importance to employers in the Finance Bill 2011 published 31 March is the amended legislation on employment income provided through third parties, referred to as “Disguised Remuneration ”.
PartnerKPMG LLP (UK)
020 7694 3403 | anneli.collins@kpmg.co.uk
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