In this month's briefing, Helen Lethaby reviews recent developments including proposed changes to the rules on the deduction of income tax at source and the tax treatment of manufactured payments.
Budget 2012The Budget contained few big tax surprises the headline developments having all been the subject of wide press speculation in the run-up to 21 March.
Corporation tax: The main rate of corporation tax is to drop by an extra 1% taking it to 24% from 1 April 2012 and ultimately to 22% from 1 April 2014. To prevent the banks benefiting from the further decrease the bank levy will rise from 1 January 2013 to a full rate of...
