Analysis of Impact of Finance Bill 2012 on Technology Sector

February 9, 2012

Michael McGivern, Tax Partner

The publication of a Finance Bill is always an important date in the calendars of tax practitioners and the business community alike. A Finance Bill provides the detail of a Minister’s Budget Day proposals, and it generally also contains measures which were not announced on Budget Day. FB 2012 is no exception.

In our special Finance Bill 2012 edition of Technology Tax Alert, we review the measures of relevance to the technology sector which were contained in Finance Bill 2012 (“FB 2012”) which was published yesterday.

It should be noted that while FB 2012 was published yesterday, it is unlikely to become an Act before early April 2012, and between now and then it can be expected that some of the Bill’s measures will be changed, and that other measures may be introduced at the various stages between now and the signing of the Act by the President.

We hope that you find our special edition useful, and we will keep you informed of the final shape of the Act in due course. If you have any questions in relation to anything contained in this edition, or indeed on any other tax related issues on your mind, please feel free to contact Michael McGivern, Tax Partner, or your RSM Farrell Grant Sparks client service team for advice and guidance.

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