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.
In response to: Amendments to the Corporation Tax Act 2010 (Part 8C)
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 …
This tax information and impact note is about changes to restitution interest rules in part 8C of the Corporation Tax Act 2010.
In response to: Corporation Tax: changes to restitution interest rules
This measure is about changes to restitution interest rules in part 8C of the Corporation Tax Act 2010.
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 …
In response to: Reintroduction of Corporation Tax Small Profits Rate and Marginal Relief
Screening equality impact assessment for HMRC’s reintroduction of Corporation Tax Small Profits Rate and Marginal Relief project.
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
This tax information and impact note details the legislative fix required as a consequence of having more than one rate of Corporation Tax, it will ensure companies with profits of £50,000 or less, which will be paying the Small Profits …
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 …
In response to: Corporation Tax: The Insurance Contracts (Tax) (Change in Accounting Standards) Regulatio…
This tax information and impact note is about Corporation Tax changes in response to the new international accounting standard for insurance contracts IFRS 17.
In response to: Corporation Tax: response to accounting changes for insurance contracts
We welcome views on the Corporation Tax implications of the new international accounting standard for insurance contracts, IFRS 17.
These Regulations amend the Taxation of Securitisation Companies Regulations 2006 (“the TSCR”).
This tax information and impact note applies to banking companies and groups that include a banking company, within the charge to Corporation Tax.
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.
We welcome views on the Corporation Tax implications of the new international accounting standard for insurance contracts, IFRS 17.
This tax information and impact note is about draft legislative changes to the bank-specific taxes.
We welcome views on the Corporation Tax implications of the new international accounting standard for insurance contracts, IFRS 17.
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 …
This tax information and impact note outlines the amendments to the reform of loss relief rules for Corporation Tax.
In response to: Changes to the reform of loss relief rules for Corporation Tax
In response to: Corporation Tax charge and rates from 1 April 2022 and Small Profits Rate and Marginal Re…
This tax information and impact note is about changes to Corporation Tax loss relief rules.
This tax information and impact note is about the Corporation Tax charge and rate for the financial years beginning 1 April 2022 and 1 April 2023, and the Small Profits Rate and Marginal Relief for the financial year beginning 1 …
In response to: Technical amendments to the Corporate Interest Restriction for Corporation Tax
This measure introduces two technical changes to the Corporate Interest Restriction.
In response to: Change to the rate of Research and Development Expenditure Credit
In response to: Changes to the Corporate Capital Loss Restriction for Corporation Tax from 1 April 2020
In response to: Deferral of Corporation Tax payments on EU group asset transfers
In response to: Changes to Corporation Tax rates from 1 April 2020
In response to: Changes to Corporation Tax for non-UK resident companies with UK property income
This measure deals with the deferral of Corporation Tax payments in certain circumstances for EU group asset transfers.
This Tax Information and Impact Note is about further changes to the taxation of UK property income for non-UK resident companies.
This Tax Information and Impact Note is about changes to the main rate of Corporation Tax from 1 April 2020.
HMRC is seeking comments on this draft guidance about the Corporation Tax treatment of insurance companies writing life assurance and other long-term insurance business.
HMRC is seeking comments on this draft guidance about the Corporation Tax treatment of insurance companies writing life assurance and other long-term insurance business.
This tax information and impact note details the amendments to the reform of loss relief rules.
A consultation on the options for amendments to the Corporate Interest Restriction rules.
This measure amends the reform of loss relief rules to correct a defect in the legislation that may lead to excessive relief being allowed.
This measure changes legislation so non-resident companies with a UK property business will be chargeable to Corporation Tax and not Income Tax.
A consultation on the options for amendments to the Corporate Interest Restriction rules.
A consultation on the options for amendments to the Corporate Interest Restriction rules.
This tax information and impact note makes changes to the existing rules which apply tax at 45% to restitution interest payable by HM Revenue and Customs.
This tax information and impact note is about changes to the Northern Ireland Corporation Tax (NI CT) regime for small or medium sized enterprises (SMEs).
This tax information and impact note reduces the extent to which interest payments can be used to erode the UK tax base, raising around £1billion additional tax annually.
Consultation on the tax rules governing distributions by a company.
This tax information and impact note applies to close companies which make loans to their participators or make other arrangements through which participators extract value.
This tax information and impact note applies to companies and unincorporated associations which pay Corporation Tax (CT).
This briefing explains when a foreign company operating in the UK must pay UK Corporation Tax.
Consultation on the tax rules governing distributions by a company.
Consultation on the tax rules governing distributions by a company.
This only applies to life insurance companies that carry on life assurance and other long-term business.
This tax information and impact note applies to incorporated businesses which pay Corporation Tax at the main rate.
Amendments to the worldwide debt cap (WWDC) provisions to ensure changes to accounting standards do not create unintended additional Corporation Tax liabilities.
This Tax Information and Impact Note reduces the minimum UK expenditure requirement for Television Tax Relief (TTR) from 25% to 10%.
This Tax Information and Impact Note is about carried forward Corporation Tax trading losses, non-trading loan relationship deficits, and management expenses.
Use CT600 Budget Insert (2014) for an overview of the main Budget 2014 changes affecting Corporation Tax.
This Tax Information and Impact Note describes the changes made in legislation to devolve the rate-setting power for corporation tax to Northern Ireland.
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 …