United Kingdom: Tax changes announced in Autumn Statement

Global Watch ()
On December 5, 2013, the Chancellor George Osborne announced a series of changes to the UK tax legislation that will be of interest to employers of expatriate employees. The changes include measures that will impact dual contract arrangements, changes to capital gains tax on residential properties, and anti-avoidance measures that may impact offshore intermediary employment structures and the taxation of members of limited liability partnerships. More details are expected but employers and individuals should be aware of the potentially harsh impact of these changes.