Client Alert

The Taxation of Foreign Profits in the UK A New Dawn

December 18, 2008

Arun Birla and John Ross-Munro

The 2008 UK Pre-Budget Report announced a package of reforms to the taxation of foreign profits. The express objective of the reforms is to support and enhance the UK's competitive position and the proposals represent an important and fundamental change to the way the UK taxes foreign profits. Draft legislation (together with detailed notes and guidance) dealing with these reforms was published last week. This alert discusses some of the key aspects of the draft legislation. Whether the final provisions actually meet their stated objective remains to be seen.

Click here for a PDF of the full text

Practice Areas


Get In Touch With Us

Contact Us