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Finance Act 2012 (2012 c 14)

The 2012 Act introduced major changes to the UK's tax system, aiming to stimulate economic growth and streamline taxation. Key developments included measures to combat tax avoidance, a reduction in the top rate of income tax from 50% to 45% for incomes over £150,000, and new capital allowances to incentivise business investment. There were also adjustments to the taxation of controlled foreign companies and updates to Value Added Tax (VAT) legislation. These reforms aimed to simplify the tax code, encourage corporate investment, and ensure equitable tax contributions from multinational enterprises.

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UUÂãÁÄÖ±²¥ traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.

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Finance Act 2012 (2012 c 14)

The 2012 Act introduced major changes to the UK's tax system, aiming to stimulate economic growth and streamline taxation. Key developments included measures to combat tax avoidance, a reduction in the top rate of income tax from 50% to 45% for incomes over £150,000, and new capital allowances to incentivise business investment. There were also adjustments to the taxation of controlled foreign companies and updates to Value Added Tax (VAT) legislation. These reforms aimed to simplify the tax code, encourage corporate investment, and ensure equitable tax contributions from multinational enterprises.

Quick and comprehensive access to the most accurate, up-to-date legislation.

UUÂãÁÄÖ±²¥ traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.

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Finance Act 2012 (2012 c 14)
22 . . . 31 . . .
79 . . . 80 . . . [124D . . .] [124E . . .]

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