UK Tax Competitiveness

From April 2010, a new additional rate of income tax of 50 percent will be introduced; this new rate will also apply to trusts and will be charged on income over £150,000.

An anti-avoidance measure to restrict double tax relief for UK companies on dividends will be introduced, effective 1 April 2009. Anti-avoidance measures on intangible assets will also be introduced.

From April 2011, the tax relief for pension's contributions will be restricted to 20 percent for those with incomes of £150,000 and over. Anti-forestalling provisions will be introduced from 22 April 2009.

Budget Media Enquiries

For all Budget press enquiries please contact KPMG's press office on
020 7694 8773.

Budget Analysis Downloads

Quotes

Legal | Privacy

© 2010 © 2010 KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.
The Budget proposals and other tax changes are summarised on these pages. The Budget proposals may, however, be amended significantly before enactment. The content of this communication is intended to provide a general guide to the subject matter and should not be regarded as a basis for ascertaining liability to tax or determining investment strategy in specific circumstances. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.