The UK election was held on 7 May 2015. The Conservative party won the election with a small majority.
This new Government is seen as being business friendly and we therefore do not anticipate any changes to the corporate tax rates nor any other significant changes. The Government is, however, determined to block what it sees as aggressive tax planning by big global businesses. The Diverted Profits Tax rules previously announced are now likely to be implemented with vigour (for more information on this please click here