Autumn Budget 2017 Japanese Business Tax
Global Tax Update: December 2017 / United Kingdom
This bulletin sets out the key measures for Japanese owned groups. (Global Tax Update:December 2017/United Kingdom)
The Chancellor of the Exchequer, Philip Hammond, delivered the government’s first Autumn Budget on November 22, 2017 against a backdrop of slower growth in the UK economy. His announcements were largely targeted at supporting the robustness of the UK tax system, whilst continuing to promote the UK as a favourable location for business.
The Chancellor stated that draft legislation will be released in July 2018 for changes announced today, whilst legislation for measures that have been previously announced will be published in the draft Finance Bill on December 1, 2017.
This bulletin sets out the key measures for Japanese owned groups.