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Autumn Statement: 4G and Swiss tax evasion proceeds finance tax cuts

The Autumn Statement produced mainly helpful news for business. Companies will be pleased with the 1% cut in corporation tax to 21% from 2014. The two year increase in the annual investment allowance to £250,000 is valuable, but confusing to apply, as the allowance goes up from £25,000 to £250,000 on 1 January 2013 and then down again in 2015. The announcement of the 25% creative industries tax credit is excellent and helps support sectors where the UK has a strong presence, but where there had been economic incentives to move activity elsewhere. The decision not to proceed with changes to the IR35 rules, or to introduce a new 'controlling person test will also be welcomed. The Government will also review the use of offshore intermediaries, which claim to avoid UK NIC. More

What the Autumn Statement means for:

Find out what the changes mean for businesses.
(13 articles)


Read Deloitte's views and commentary on how individuals will be affected.
(6 articles)

How do the changes affect employers?
(5 articles)

Analysis and commentary on the changes announced to indirect taxes.
(5 articles)






















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