• Service: Tax, Global Indirect Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 4/26/2013

United Kingdom - Finance bill status report; other developments 

April 26: The Finance bill has completed the second reading and the first part of the

Committee stages.

Certain clauses were considered by the Committee of the Whole House, and the remaining clauses are to be considered by a Public Bill Committee (the first sitting of which was Tuesday, 23 April 2013). It is expected that the Public Bill Committee will complete its work on the legislation by Thursday, 20 June 2013, after which the bill will progress through the Commons at the report stage and with the third reading.

Read an April 2013 report [PDF 133 KB] prepared by the KPMG member firm in the UK: Weekly Tax Matters (26 April 2013)

Other developments

KPMG in the UK also includes discussions of the following items:

  • Upper Tribunal decision concerning the direct tax treatment of value added tax (VAT) and interest repayment
  • Creative sector tax relief
  • Real-time information (RTI) updates
  • CJEU Advocate General’s opinion in a case concerning input VAT recovery of pension fund costs

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