The Autumn Budget will be announced next Wednesday (22 November). Measures likely to be in it include: legislation to transfer non-resident companies currently subject to income tax and/or capital gains tax on UK property businesses into UK corporation tax; anti-avoidance provisions with effect from 6 April 2018, in relation to payments and benefits made from offshore trusts intended for UK resident individuals; legislation clarifying the taxation of partnerships; the new charge on disguised remuneration loans that remain outstanding on 5 April 2019; removal of foreign service relief on employee termination payments; extra powers to refuse to register and to de-register pension schemes; and secondary legislation on the implementation of Making Tax Digital.
24th January 2025
