Weekly tax brief - 6 July 2016

In this edition of RSM’s weekly round-up of the most important tax news, we cover the latest developments…

RSM calls for roadmap for Brexit changes

06 July 2016

With so much uncertainty following the Brexit vote, we call on the Chancellor to provide a more complete roadmap for future tax changes, emphasising not only putative tax cuts but also any compensating tax increases which may be necessary.

Who will bear the brunt of any tax increases?

06 July 2016

In the aftermath of the UK’s decision to leave the EU, George Osborne announced that the rate of corporation tax in the UK may fall to below 15 per cent to help maintain the UK’s competitiveness as an attractive place in which to do business.