2008 Finance Act

This note follows on from those of the author on the UK Pre-Budget Report (PBR) 2007and UK 2008 Budget (Budget).It comments on the abolition of the income tax (IT) starting rate and on day counting determining tax presence in the United Kingdom. These are two of the topics covered in the PBR and the Budget and the relevant provisions are now embodied in Finance Act (FA) 2008, which became law on 21 July 2008.