The Coalition Government has changed the way they make policy announcements, no longer treating the budget as the pinnacle of the tax year but as a key element in the tax policy cycle. As such, a number of key policy announcements are being made throughout the financial year.
If you have any comments, please speak to the relevant contact on individual policy documents below, or if you have a general enquiry, please let us know.
Since June 2007, the Government has been consulting extensively on proposals for a new Controlled Foreign Company (CFC) regime. Following publication of the draft legislation introducing a new CFC regime on 6 December 2011, KPMG in the UK has produced an in-depth analysis of the latest proposals. Read on to see KPMG’s insight on the latest proposals
A consultation document was issued by HM Treasury on 10 June 2011 which considers the proposed operation of a “Patent Box” regime under which profits arising from patents would be taxed at a preferential rate of 10 percent. Read on to see the latest proposals (PDF 7.3 KB)
Further to the changes announced at the 2011 Budget, on 10 June 2011 the Government responded to other open R&D matters addressed in the 2010 consultation published as part of the corporate tax reform agenda. Read on to see the latest proposals (PDF 954 KB)
Chris Morgan
Head of Tax Policy
Partner, KPMG LLP(UK)
020 7694 1714
christopher.morgan@kpmg.co.uk
