Jeanette Zaman and Zoe Andrews (Slaughter and May) review recent developments affecting the City.
Since the writing of our April briefing the calling of the snap election has led to a chunky 620 pages being lopped off the Finance Bill in order to get it through all its stages and enacted on 27 April before the dissolution of Parliament. It is not very satisfactory that key provisions (such as the corporate interest restriction changes to the SSE and the revised carry forward loss rules) which were to have effect from 1 April will now not be enacted until later in the year (assuming they are still enacted) with consequent uncertainty over their commencement dates. The upside though is that more time can be taken over their scrutiny which may lead to further improvements to the legislation. So this month we...
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Jeanette Zaman and Zoe Andrews (Slaughter and May) review recent developments affecting the City.
Since the writing of our April briefing the calling of the snap election has led to a chunky 620 pages being lopped off the Finance Bill in order to get it through all its stages and enacted on 27 April before the dissolution of Parliament. It is not very satisfactory that key provisions (such as the corporate interest restriction changes to the SSE and the revised carry forward loss rules) which were to have effect from 1 April will now not be enacted until later in the year (assuming they are still enacted) with consequent uncertainty over their commencement dates. The upside though is that more time can be taken over their scrutiny which may lead to further improvements to the legislation. So this month we...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
