HMRC’s guidance on the Personal Savings Allowance (PSA) has been updated to include some examples of tax-free products that will not count towards an individual’s PSA.
KPMG in the UK’s BEPS Action 4 diary has been updated, with a brief update on what to look out for in the coming weeks in relation to the UK’s new interest deductibility regime.
The Tax Matters Digest consultation tracker for October can be found here.
Despite fears that the turbulence prompted by the UK’s vote to leave the EU would trigger a sharp slowdown in deal activity, mergers and acquisitions still remain high on the agenda of UK boardrooms with two thirds of CEOs surveyed by KPMG saying they plan to embark on M&A over next three years. Furthermore, three quarters plan to sell non-core assets.
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