Business Tax: Corporation tax
The Corporation Tax Act 2010 received Royal Assent on 4 March. The Act includes provisions on losses gifts to charities group relief distributions particular types of companies and activities and tax avoidance. The House of Lords committee stage of the Taxation (International and Other Provisions) Bill which will complete the rewrite of the corporation tax code was set for 10 March. The Corporation Tax Act 2009 (Amendment) Order SI 2010/614 corrects minor errors concerning one provision of TCGA 1992 and four provisions of CTA 2009. The amendments take effect retrospectively from the date on which CTA 2009 came into force.
The Corporation Tax Act 2010 (Transitional Provision) Order SI 2010/665 preserves the effect of words contained in provisions that were not rewritten in CTA 2010. Those words relate to a distribution paid by a company before 1 July 2009...
