The month in tax

KPMG in the UK summarises recent corporate tax developments of potential interest to FITAR readers.

Article reprinted from Weekly Tax Matters. Copyright © 2011 KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. Reprinted with permission of KPMG LLP (UK). All rights reserved. All information provided is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the facts of a particular situation. For additional news and information, please access KPMG LLP’s website on the internet at www.kpmg.co.uk.

Draft clauses for Finance Bill 2012 will be published on 6 December 2011

The Government has announced that the draft Finance Bill 2012 will be published on 6 December 2011 and will be open for consultation until 10 February 2012 (see http://hm-treasury.gov.uk/d/written_ministerial_statement_130911.pdf ). The draft Finance Bill will be supplemented by draft Explanatory Notes together with Tax Impact and Information Notes.