Alcohol taxation
The Treasury published on 30 November in ‘Review of Alcohol Taxation’ details of proposed changes to beer duties following consultation which ended in August on a review to ‘tackle problem drinking without unfairly penalising pubs responsible drinkers or local industry’. Draft Finance Bill 2011 clauses will be published on 9 December.
Further guidance: www.lexisurl.com/tHMTZ
Associated companies
The Treasury published on 27 July a summary of responses to consultation and revised draft legislation for inclusion in Finance Bill 2011 (effective from 1 April 2011) simplifying the associated company rules as they apply to the small profits rate of corporation tax.
Further guidance: www.lexisurl.com/E45Mo
Bank levy
The Treasury published on 21 October a summary of responses to consultation and final draft legislation for inclusion in Finance Bill...