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Royal Assent for UK's Finance (No. 2) Bill 2017

Royal Assent for UK's Finance (No. 2) Bill 2017

The UK's Finance (No. 2) Bill 2017 received Royal Assent on November 16, 2017.


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It was enacted as Finance (No.2) Act 2017 and implements the following measures, among others:

  • The new corporate interest restriction regime -Start date April 1, 2017
  • Reforms to the use of corporation tax losses-Start date April 1, 2017
  • New rules for hybrid and other mismatches-Start date January 1, 2017
  • Changes to the UK deemed domicile regime-Start date April 6, 2017
  • Changes to the substantial shareholding exemption for institutional investors-Start date April 1, 2017.

For more information, contact your KPMG adviser.


Information is current to December 05, 2017. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500

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