- The Controlled Foreign Companies regime where the plan is that there will be a partial exemption for overseas financing operations; and a new special rule introduced to prevent the artificial diversion of UK profits derived from intellectual property that has a substantial UK connection.
- A new rate, from April 2013, of 10 per cent Corporation Tax to apply to income derived from patents.
- Exemption from UK Corporation Tax of profits earned by foreign branches of UK companies.
- And no significant changes to the regime relating to the deductability of interest expenses.
This was first published in December 2010