Overview

The UK is now settling into life under its first formal coalition government since the Second World War, between the Conservative and Liberal Democrat parties. The May general election also delivered only the second change in government in the UK since 1979.

With these political changes, and the public finances suffering from the effects of the financial crisis, UK tax policy is in a state of flux. Travers Smith summarises some of the key points of interest in this update.

Contents:
• "The most fundamental and far-reaching reform of our corporate tax regime in generations" – but what, and when?

• Taxing the banks

• Headline rate changes

• "Treaty Passports": a new, streamlined treaty procedure for interest payments

• Employee incentives: a reminder of what's on offer

To read on click ‘View Briefing’