All posts by Andre Anthony, Tax Associate, CMS

The proposed changes to the UK’s taxation of non-domiciliary rules, which were due to come into force on 6 April 2017, were dropped in their entirety from Finance Bill 2017 (now Finance Act 2017) to enable passage of the legislation through Parliament ahead of the snap General Election on 8 June 2017. This move came … Continue reading Finance Act 2017: Postponement of Proposed Changes to the UK’s Taxation of Non-Domiciliary Rules

The Government announced yesterday that it will consult in summer 2017 on the legislative changes required following the implementation of the International Accounting Standards Board’s new leasing standard, IFRS 16 (Leases), which applies to periods of account beginning on or after 1 January 2019. The tax treatment of a lease, in some important respects, is … Continue reading Budget 2017: Lease Taxation Post-Implementation of IFRS 16 Leases