Autumn Statement 2013 — tax highlights
By Mark Burgess, Simon Gough, Paul Rutherford, David Thompson and Richard Woolich
We set out below a summary of key items of interest announced by the chancellor in the UK Autumn Statement.
Corporate tax rates: the government remains committed to reducing the main UK corporation tax rate (currently 23 per cent) to 21 per cent from April 2014 and 20 per cent from April 2015. The small profits rate remains at 20 per cent.
Equity finance: from April 2014 stamp duty and stamp duty reserve tax (SDRT) on purchases of shares in exchange-traded funds will be abolished. This measure follows announcements in this year’s Budget that stamp duty and SDRT will be abolished (also from April 2014) on purchases of AIM and ISDX quoted shares and on UK mutual funds. Taken together, such measures could stimulate investment into UK equities at a time when bank lending remains constrained…
If you are registered and logged in to the site, click on the link below to read the rest of the DLA Piper briefing. If not, please register or sign in with your details below.
News from DLA Piper
News from The Lawyer
Briefings from DLA Piper
Be Global is DLA Piper’s snapshot of key global employment law developments designed to help you identify legal hotspots across your global operations.
The US Department of Treasury’s Office of Foreign Assets Control has issued additional sanctions targeting certain Russian banks, energy and defence companies.
Analysis from The Lawyer
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.
A new breed of lawyer is smoothing the path for companies entering emerging or unstable jurisdictions