The “report” stage and third reading of Finance Bill 2015-16 took place on 26 October 2015, followed by the bill being sent to the House of Lords (which has no authority to amend it). Accordingly, the version of the legislation passed by the Commons will form the basis of Finance (No.2) Act 2015.
Amendments made at the report stage in the Commons concerned restitution interest and venture capital trusts.
Read an October 2015 report prepared by the KPMG member firm in the UK: Weekly Tax Matters (30 October 2015)
Other topics described in this report include:
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor 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 on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.