Tax voice - June 2017

This month’s tax voice features Finance Bill changes, an update on US tax reform, could it be all change for non-doms again and changes to form P11D reporting 2016/17.

All change for non-doms again?

03 June 2017

It was inevitable, following the announcement of the 8 June general election, that not all provisions included in the 2017 Finance Bill would be made law before parliament was dissolved. Will the proposed non-dom changes be reintroduced?

Finance Bill shrinks in the parliamentary wash-up

03 June 2017

The announcement of a snap general election had an immediate impact on some of the most eye-catching announcements for corporates from the Spring Budget , with the parliamentary wash-up seeing key clauses dropped from a foreshortened Finance Act 2017, which received royal assent on 27 April.

An update on US tax reform

03 June 2017

The importance of the United States to the UK is obvious. It is currently the world’s largest economy, the largest destination for UK exports, and the second largest source of UK imports, so the US has long been a target for businesses seeking to attract interest from overseas or to expand their horizons beyond the UK.

Changes to form P11D reporting 2016/17

03 June 2017

Since the abolition of P11D dispensation agreements for the 2016/17 tax year onwards, the reporting obligations for those employers that previously did not hold a P11D dispensation have been significantly reduced.