Ministerial statements summarise measures taking immediate effect and provide a tax policy update
Several Finance Bill 2013 measures will take effect from today or 1 January 2013, the government has announced.
David Gauke, exchequer secretary to the Treasury, said in a written ministerial statement that measures will take effect from today in relation to:
debt cap – group treasury company election;
corporation tax – deferral of payment of exit charges; and
VAT forestalling – road fuel.
In addition, measures will take effect from 1 January 2013 in relation to:
annual investment allowance;
bank levy;
UK-Swiss agreement – remittance basis; and
controlled foreign companies.
A second ministerial statement provided a tax policy update, including a note of the key Finance Bill measures and a list of ‘new’ measures that have not already been the subject of consultation.
Ministerial statements summarise measures taking immediate effect and provide a tax policy update
Several Finance Bill 2013 measures will take effect from today or 1 January 2013, the government has announced.
David Gauke, exchequer secretary to the Treasury, said in a written ministerial statement that measures will take effect from today in relation to:
debt cap – group treasury company election;
corporation tax – deferral of payment of exit charges; and
VAT forestalling – road fuel.
In addition, measures will take effect from 1 January 2013 in relation to:
annual investment allowance;
bank levy;
UK-Swiss agreement – remittance basis; and
controlled foreign companies.
A second ministerial statement provided a tax policy update, including a note of the key Finance Bill measures and a list of ‘new’ measures that have not already been the subject of consultation.
