Finance Bill 2012 tax updates and what they mean

Tuesday, December 06, 2011 | Posted by: Fiona Cullinan
Categories: Economy, Tax | Tags: business, tax, finance, Francesca Lagerberg, UK, budget, analysis, legislation, tax policy, Finance Bill, Finance Bill 2012, draft, Legislation Day

More than 1100 pages make up the draft legislation for the next Finance Bill, which was published today. Here are some of the highlights for UK large corporates, small businesses and individuals from our Budget team at Grant Thornton.

The draft bill follows last week’s Autumn Statement 2011 – visit our Budget page for coverage and analysis of both events by Grant Thornton UK’s financial experts and tax advisers.

Draft Finance Bill 2012 summary
Francesca Lagerberg, Head of Tax at Grant Thornton UK, gives an overview of the headlines from the draft Finance Bill and how the tax changes will affect UK large corporates, small businesses and individuals.

The text to accompany this can be read here: Legislation Day: Overview by Francesca Lagerberg

Or read a full summary of the Draft Clauses for the Finance Bill 2012.

News releases

• Legislation Day: Overview by Francesca Lagerberg, Head of Tax at Grant Thornton
• The Government has published draft legislation to effectively rewrite the UK Controlled Foreign Company (CFC) rules
• Finance Bill underlines commitment to innovation as means of economic recovery through new R&D incentives
• Finance Bill Legislation will discriminate against non-UK businesses
• Finance Bill Proposals Will Unveil SDLT Avoidance

Draft Finance Bill 2012 live updates
The key updates rounded up by Francesca Lagerberg (via Twitter).

Further coverage
The Grant Thornton Budget team will be providing Finance Bill 2012 updates and analysis throughout the day on 6 December 2011 along with analysis of what the changes mean for you.

You can find the full HM Treasury Finance Bill 2012 draft legislation here.

You might also find these posts useful:

* Autumn Statement 2011 live reaction
* Our analysis of the Autumn Statement (PDF)
* Crisis in UK small caps threatens UK growth