Tax First December: News, events and change in tax
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Our Tax First newsletter provides tax professionals with a round-up of the past month's major financial news and a calendar of useful diary dates.
The draft Finance Bill 2012 legislation was published on 6 December 2011. The Government’s aim is to make the UK a more attractive place to do business and deliver a more competitive tax system. George Osborne hopes to achieve this by simplifying reliefs and allowances, tackling avoidance and lowering corporate tax rates.
We recorded a webcast on the day of the legislation’s release where our tax team gave their initial response to the main points of the legislation. You can watch a video recording of the Draft Finance Bill 2012 webcast. You can also get a more detailed overview of the headline points in our draft Finance Bill update section.
Also in this edition, we outline how The European Court of Justice (ECJ) has decided that German dividend taxation, with respect to withholding taxes for non-resident companies, isn’t in line with the free movement of capital. There may be an opportunity to claim withholding tax refunds, if you’re a recipient of German dividends.
The ECJ has also held that the UK exemption for betting and gaming breached fiscal neutrality in the way it treated similar activities differently. We give you an overview of the decision and explain how you’ll need to be aware of the importance of the equal treatment of similarly marketed goods and services.
It can be a challenge to keep on top of the latest developments in sustainability and climate change tax. To help you stay up-to-date, we’ve created our new Global Green Policy Insight newsletter.
