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In brief, issue 4321

13 September 2011
Issue: 4321 / Categories: News
Autumn statement; Imported antiques; Hungary DTC; VAT Notes

Autumn statement

The Chancellor of the Exchequer will make his autumn statement on 29 November. The Office for Budget Responsibility will publish its economic and fiscal outlook on the same day.

Imported antiques

The technical content in Notice 362 Imported Antiques has been restructured to reflect the change from HM Customs and Excise to HMRC, changes in VAT law and to improve readability from the March 2002 edition.

Hungary DTC

A new comprehensive double taxation convention (DTC) between the UK and the Republic of Hungary has been signed. The convention replaces the 1977 agreement. Important features include zero withholding rates for direct investment dividends and dividends paid to pension funds, a 10% rate for portfolio dividends (with a 15% rate for real estate investment trusts); 0% withholding tax on interest and royalties; and the latest Organisation for Economic Co-operation and Development provision on exchange of information.

VAT Notes

HMRC have published VAT Notes 3. It contain a summary of recent changes to the VAT rules and announcements of future changes.

Issue: 4321 / Categories: News
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