The government will save more than £2.5bn through a clampdown on "complex asset- backed funding structures" that allow firms to over-claim tax relief, says George Osborne.
The measures announced in the Autumn Statement will mean firms that set up an asset-backed funding vehicle can claim tax relief on assets contributed to it or payments received by the scheme, but n...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date