On 5 December 2012, the Chancellor of the Exchequer delivered the Autumn Statement to Parliament. The Autumn Statement contains an indication of proposed legislation for the Budget of 2013 and subsequent years. The main tax proposals are set out below. Individual taxation The basic personal allowance for 2013-14 will be increased to GBP 9,440. The […]

On 28 November 2012, HMRC issued the Value Added Tax (Amendment) (No. 3) Regulations 2012, which will come into force on 1 January 2013. The Regulations amend UK Value Added Tax Regulations 1995, in order to implement the changes required by Council Directive 2010/45/EU of 13 July 2010, amending the EU VAT Directive (2006/112) on […]