The UK is re-introducing several corporate tax measures in a new finance bill.
These measures were removed from the final version of the Finance Act 2017 several months ago so that it could be quickly passed into legislation before the country held its election in June 2017. Now that they have been re-introduced in Finance Bill 2017-19, many of these measures will be retroactive to earlier months in 2017.
Some of the key measures in Finance Bill 2017-19 include:
These measures will likely receive Royal Assent in December, but an accelerated timetable is possible.
For more information, contact your KPMG adviser.
Information is current to September 19, 2017. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500