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Autumn Statement 2014 highlights

4 Dec 2014

Following the Chancellor's delivery of the Autumn Statement 2014, Taxand UK summarises the main tax features for corporations.

There were a number of significant changes affecting the taxation of multinationals operating in the UK.  

Highlights include:

  • Surprise introduction of 25% tax on profits diverted from the UK
  • Country by country reporting and other BEPS related measures
  • Restrictions on loss relief for banks
  • Restructuring of SDLT on residential property

Discover more: Autumn Statement 2014

Your Taxand contact for further queries is:
David Pert
T. +44 207 715 5208

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Taxand's Take

Multinationals operating in the UK should pay attention to the Autumn Statement and make any relevant changes to their tax policy.

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