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Period to 7 February 2019

Welcome to our latest update on recent developments in international and treasury tax of interest to multinationals operating in the UK.

Spring Statement
The Government will publish its Spring Statement on Wednesday 13 March 2019. The Spring Statement provides the Chancellor, Philip Hammond, an opportunity to update MPs on the Government’s plans for the economy based on the latest forecasts from the independent Office for Budget Responsibility (OBR).  It is not intended to contain any major policy announcements.

Finance (No3) Bill 2018
The second reading of the Bill in the House of Lords and all remaining Lords stages will take place today, 7 February 2019.

Time to reconsider the location of any offshore IP companies
A number of recent developments impacting offshore IP companies should be prompting multinational groups to review where their IP is located. In this short video, our specialists discuss those developments and the other factors that should be taken into consideration when conducting such a review, as well as some helpful changes in UK legislation which makes the UK a more attractive location for IP.