Autumn Budget 2017

Taxing the digital economy

The Chancellor has announced that the Government plans to introduce a withholding tax on IP royalties paid to low-tax countries where such royalties are connected to UK sales. This withholding tax is intended to have extra-territorial application. To view the whole article click here

Increased limits for investments in knowledge-intensive companies

The Chancellor has announced a doubling of the annual allowance for people investing in knowledge-intensive companies through the Enterprise Investment Scheme (EIS) and the annual investment those companies can receive through EIS and the Venture Capital Trust scheme (VCT). This measure forms part of the government’s response to the Patient Capital Review. To view the whole article click here

Indexation allowance to be frozen

The Government today announced that indexation allowance for corporation tax on capital gains will be frozen from 1 January 2018. To view the whole article click here

Extension of Substantial Shareholding Exemption (SSE) to real estate companies

This exemption may take some investors outside the new CGT charge on indirect disposals. To view the article click here.

Dramatic changes to the taxation of non-resident investors in UK real estate

As a major change to the status quo for the taxation of non-UK investors in UK real estate, not announced in the Budget speech, the supporting Budget papers have announced: To view the whole article click here

Major change to the tax status quo of non-resident corporate landlords investing in UK real estate

As expected, in one of the most substantive changes to the taxation of real estate in recent years, the Chancellor has announced the extension of corporation tax to the income of non-UK corporate landlords (NRCLs). To view the whole article click here

Good news for first-time buyers of residential property

A new relief has been announced by the Chancellor, effective from today, for first-time buyers of residential property. To view the whole article click here

Joint and several liability for VAT extended to online marketplaces

The inaugural Autumn Budget seeks to ensure a level playing field between online marketplaces and physical stores in the context of VAT. To view the whole article click here.

Debt traded on a Multilateral Trading Facility

The OOTLAR restates the Government’s Spring Budget 2017 announcement that it will be legislating in Finance Bill 2017-2018 for the removal of the requirement to withhold tax on interest for debt issued on an MTF operated by a recognised stock exchange regulated in the European Economic Area. To view the whole article click here