On 22 November 2012, by way of Double Taxation Relief (Bank Levy) (Federal Republic of Germany) Order 2012, the United Kingdom approved the agreement and protocol between Germany and the United Kingdom on double charging of bank levies.

On 3 December 2012, the Cayman Islands and Italy signed an exchange of information agreement relating to tax matters.

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 […]