Following agreement by both Houses of Parliament, the UK Finance Act 2018 received Royal Assent (was enacted) on 15 March 2018. The Finance Act contains standard annual provisions, including the income tax and corporation tax charge, the main rates of income tax, etc., as well as certain measures included in the Autumn Budget 2017. Some of the main measures are summarized as follows: An increase in the research and development expenditure credit from 11% to 12% in relation to expenditure incurred on or after 1 January 2018; The introduction of provisions to ensure that when consideration other than money is...