United Kingdom Tax Bulletin: Special Budget Edition

    June 2010

    This special issue of the Squire, Sanders & Dempsey United Kingdom Tax Bulletin includes a summary of the main Budget proposals announced by the Chancellor of the Exchequer 22 June 2010.

    The following topics are discussed in this report:


    • Capital Gains Tax
    • Pension Contributions
    • Pensions: Annuity Obligation
    • Value Added Tax
    • Income Tax
    • Non-Doms
    • National Insurance Contributions
    • Inheritance Tax
    • Corporation Tax
    • Capital Allowances
    • Research and Development Tax Relief
    • Furnished Holiday Lettings
    • Settlor Interested Trusts
    • Employee Benefit Trusts
    • Banks
    • General Anti-Avoidance Rule
    • Enterprise Management Incentive Schemes
    • Venture Capital Funds
    • IR35
    • UK-REIT Stock Dividends
    • Controlled Foreign Companies
    • World Wide Debt Cap
    • Capital Distributions