Corporate tax update

Welcome to the latest edition of our Corporate Tax Update, written by members of RPC’s tax team and published quarterly. In this edition we highlight some of the key tax developments of interest to UK corporates from the first quarter of 2016.

A number of tax measures were announced by the Chancellor in the 16 March 2016 Budget that are likely to be of interest to corporates.  Also on Budget day, a Business Tax Road Map was published which sets out the government’s business tax plans for the remainder of the current Parliament (together with an indicative timetable). The Road Map also reaffirms the government’s commitment to the implementation of the OECD’s Base Erosion and Profit Shifting (BEPS) project.