Here today, gone tomorrow... offshore opportunities

The Autumn Statement has become a highlight in the December calendar, providing the chancellor with the opportunity to make some incremental adjustments to the UK budget. Some changes were welcome – such as the modest increases in allowances, while others, such as the cuts to tax relief on pension contributions, manifested through the lowering of allowances, were much less pleasing but widely anticipated. The proposals have been well reported but the thin silver lining is that some of the changes do not take effect until April 2014. In fact, some of the key proposals provide financial...