HM Revenue & Customs is managing changes to corporation tax rates and related rules, including the reintroduction of the Small Profits Rate and Marginal Relief, amendments to the Patent Box, and updates to restitution interest rules and accounting standards for insurance contracts. These changes affect how UK companies calculate and pay corporation tax.
The Regulations amend Part 8C of the Corporation Tax Act 2010 (“CTA 2010”) which was inserted into the CTA 2010 by section 38(3) of Finance (No. 2) Act 2015. Part 8C applies a corporation tax rate of 45% to payments …
The Regulations amend Part 8C of the Corporation Tax Act 2010 (“CTA 2010”) which was inserted into the CTA 2010 by section 38(3) of Finance (No. 2) Act 2015. Part 8C applies a corporation tax rate of 45% to payments …
These Regulations amend the Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (“the principal Regulations”) which make provision for and in connection with the tax consequences of a transfer of the business or engagements of a mutual society. The amendments …
The Finance Act 2015 introduced the Supplementary Charge Investment Allowance and Cluster Area Allowance. The allowances are available to oil and gas companies investing in upstream production in the United Kingdom and on the United Kingdom Continental Shelf. The allowances …
The Finance Act 2015 introduced the Supplementary Charge Investment Allowance and Cluster Area Allowance. The allowances are available to oil and gas companies investing in upstream production in the United Kingdom and on the United Kingdom Continental Shelf. The allowances …
These Regulations amend the investment limits in respect of community investment tax relief (CITR), which is tax relief for investments made by individuals and companies in bodies which are accredited as community development finance institutions (CDFIs).
These Regulations amend the investment limits in respect of community investment tax relief (CITR), which is tax relief for investments made by individuals and companies in bodies which are accredited as community development finance institutions (CDFIs).
In response to: Patent Box – consequential amendment to Patent Box deduction formula
Section 1006 of the Income Tax Act 2007 (c. 3) (“ITA 07”) makes provision as to the meaning of “research and development” for the purposes of provision in the Income Tax Acts. Section 1006(3) ITA 07 provides that the Treasury …
Section 1006 of the Income Tax Act 2007 (c. 3) (“ITA 07”) makes provision as to the meaning of “research and development” for the purposes of provision in the Income Tax Acts. Section 1006(3) ITA 07 provides that the Treasury …
Sections 18A to 18N of the Corporation Tax Act 2010 (c. 4) (“CTA 2010”) make provision for a small profits rate of corporation tax that is lower than the main rate of corporation tax. Sections 18A to 18N CTA 2010 …
Sections 18A to 18N of the Corporation Tax Act 2010 (c. 4) (“CTA 2010”) make provision for a small profits rate of corporation tax that is lower than the main rate of corporation tax. Sections 18A to 18N CTA 2010 …
These Regulations amend the Taxation of Securitisation Companies Regulations 2006 (“the TSCR”).
These Regulations amend various provisions in primary legislation to take into account the new regulatory framework for banking companies.
These Regulations amend various provisions in primary legislation to take into account the new regulatory framework for banking companies.
These Regulations amend the Authorised Investment Funds (Tax) Regulations 2006 (“the principal Regulations”) to make provision for the tax treatment of a new type of authorised investment fund called a long-term asset fund and make provision in relation to the …
Second Reading 20:20:00 Moved By Lord Davies of Oldham: My Lords, the Bill rewrites a range of corporation tax provisions, including provisions on the computation of profits, small profits relief, losses, group relief and distributions. It also rewrites some provisions …
First Reading 16:45:00 The Bill was brought from the Commons and read a first time.
Motion made, and Question put forthwith (Standing Order No. 60(8)), That the Committee of the whole House be discharged from considering the Bill .—(Mr. Timms.) Question agreed to. Third Reading 13:34:00 The Financial Secretary to the Treasury (Mr. Stephen Timms): …
Motion made, and Question put forthwith (Standing Order No. 52 (1) (a), That, for the purposes of any Act resulting from the Corporation Tax Bill, it is expedient to authorise any incidental or consequential charges to tax which may arise …