Autumn Tax Update | KPMG | QM

Autumn Tax Update

An insight into the Autumn Budget 2017.

23 November 2017, 8:00AM - 10:00AM, GMT

For over 20 years, the Chancellor has delivered his plans for the UK's public finances in the Spring. Despite this, Philip Hammond announced earlier this year that he would instead deliver the Budget in the Autumn, giving MPs longer to scrutinise the Budget before the new tax year starts in April.

The Finance Bill 2017-18 will be published on 1 December 2017, although for certain tax changes, draft legislation and responses to consultation will be published in July 2018.

As ever, there are a number of areas that might be of particular interest to the financial services industries in the Channel Islands, and continuing the theme of the Chancellor’s “Hammond and May” joke, one particular bombshell - these topics are set out below:

 

  • Taxing non-residents gains on immovable property 
  • Corporation tax: non-UK resident companies’ UK property income and certain gains
  • Requirement to notify HMRC of offshore structures
  • Extending time limits for offshore non-compliance 
  • Taxation of trusts
  • Corporate interest restriction
  • Corporate capital gains indexation allowance 
  • Stopping digital multinationals who hold intellectual property in low-tax countries from avoiding tax 

 

 

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Agenda
  1. Welcome and introduction
  2. UK Chancellor’s Autumn Statement
  3. Paradise Papers
  4. EU screening process
  5. Questions
Guide

For further information, please contact Martine Marshall

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