This practice note provides an overview of the initiatives and measures announced by the government in the Budget of 23 March 2011 that will impact specifically on the UK financial services industry.

These measures have or will be enacted through the Finance Acts of 2011, 2012 and 2013. This note will be updated to reflect relevant sections of the Finance Acts (and preceding Finance Bills).

For links to tailored PLC practice area updates on the 2011 Budget and comments from leading tax practitioners on what they consider to be the key points of interest for business, see PLC's 2011 Budget coverage.