VIDEO · 27 MARCH 2012

Deloitte's Coverage And Analysis Of The Budget 2012 - Video

Deloitte

Explore more from Deloitte

Ian Stewart is a Partner and the Chief Economist at Deloitte where he advises clients on macroeconomics and financial markets developments.

United KingdomTax

Tamsin Abbey

Author LinkedIn connections

Ian Stewart is a Partner and the Chief Economist at Deloitte where he advises clients on macroeconomics and financial markets developments. Before joining Deloitte Ian was Chief Economist for Europe at the US investment bank, Merrill Lynch. He previously worked as Special Adviser in government, as Head of Economics in the Conservative Party's Research Department and as an economist with the Confederation of British Industry in London.

self

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Related Articles

Why Proposed IHT Changes Won't Stop This Commercial Property Strategy

United KingdomTax

Aberdein Considine

UK ‘Windfall’ Bank Tax Would Worsen An Already Complex System

United KingdomTax

How The Finance Act 2026 Could Impact Contractor Engagement Across The Life Sciences Sector

United KingdomTax

Penningtons Manches Cooper LLP

Private Capital And Mandatory Tax Adviser Registration: Widening Of Exclusions For In-house Tax Teams

United KingdomTax

Travers Smith LLP

The New Trust Registration Rules That Trustees Need To Know

United KingdomTax

B P Collins LLP

Legal Intelligence Newsletters

Read more about

Tax

Related Comparative Guides

Comparative Guide

Tax

Comparative Guide

Tax Disputes

See more popular content from

Tax

US FATCA In The UK - Updated HMRC Guidance Notes Released

Today HMRC released updated Guidance Notes on implementing FATCA in the UK.

United KingdomTax

What Are Exit Taxes And How Do They Work?

As the UK anticipates its first Budget under Andy Burnham's premiership on 28 October 2026, questions arise about whether 'Manchesterism' will introduce an exit tax regime. This analysis examines how different jurisdictions—from Canada's deemed disposal system to France's targeted charges on substantial holdings—tax individuals leaving their borders, and explores what form a UK exit tax might take if implemented.

Andy Burnham’s Property Tax Reform: What High Net Worth Individuals Need To Know

Burnham has consistently advocated for replacing council tax and stamp duty with a land value tax - an annual levy charged on the value of the land itself, rather than the buildings on it.

United KingdomTax

Tribunal Limits HMRC's Schedule 36 Powers In Transfer Pricing Case

When HMRC issued an information notice demanding a UK subsidiary's US parent company financial statements in a transfer pricing enquiry, the First-tier Tribunal had to determine whether such documents were reasonably required and whether the subsidiary had the power to obtain them. The case examines the boundaries of HMRC's information-gathering powers and the practical limits of corporate group relationships.

European UnionTax

Autumn Budget 2024 - Capital Gains Tax

The Chancellor's 2024 Budget introduced moderate changes to Capital Gains Tax (CGT). Rates for basic and higher rate taxpayers increased to 18% and 24%, respectively. Business Asset Disposal Relief and Investors' Relief rates will rise from 10% to 18% by 2026, with anti-forestalling provisions. Rates for residential property disposals remain unchanged.

United KingdomTax

Travers Smith LLP

Frequently Asked Questions About IRS Clearance And Form 706-NA

UK executors and beneficiaries dealing with US assets face significant delays in obtaining IRS Transfer Certificates, with waiting times now extending to two or three years. This comprehensive FAQ addresses the critical questions surrounding Form 706-NA applications, US estate tax requirements, and the practical challenges of administering estates containing US shares and investments when the deceased was not a US citizen.

Lester Aldridge LLP

Taxation Of Earn-Outs On Business Sales: Capital Gain Or Disguised Salary?

HMRC is increasing scrutiny of earn-out arrangements, particularly where founders remain involved in the business after completion and deferred consideration depends on future performance of the target company.

United KingdomTax

HMRC’s Proposed New Duty To Correct And The Rise Of Tax Governance: What Employers Need To Know

HMRC has proposed new legislation requiring taxpayers to correct known inaccuracies in tax returns, with failures to act being treated as deliberate behaviour attracting higher penalties and extended assessment periods. The draft legislation introduces a statutory duty to correct errors once identified and grants HMRC power to issue Customer Correction Notices, fundamentally shifting tax compliance from a technical exercise to a governance obligation that boards must actively oversee.

United KingdomTax

Tax Bites - September 2026

HMRC has issued several significant guidance updates affecting transfer pricing corrections, construction industry schemes, and short-term business visitors, while recent court decisions provide crucial clarity...

United KingdomTax

Transfer Pricing Enquiries: HMRC’s Approach And Recent Cases

Transfer pricing litigation in the UK has historically been rare, but recent procedural cases reveal HMRC's increasingly aggressive approach to enquiries. With average enquiry durations now exceeding 40 months and transfer pricing yield surging to £3.4bn, understanding the legal boundaries of information requests and closure notice applications has become critical for multinational groups facing contentious disputes.

United KingdomTax

Macfarlanes LLP