On 15 July 2015 the UK issued the Summer Finance Bill 2015, which includes the measures introduced in the Summer Budget 2015 presented 8 July 2015 ({News-2015-07-10/P/2- previous coverage}). Some of the main measures include reducing the corporation tax rate from 20% to 19% in 2017 and to 18% in 2020, introducing a new 8% charge on banking profits, and no longer allowing a deduction for the acq…