Alan Dolton continues our coverage of the Finance Bill Debates in Standing Committee B
Alan Dolton continues our coverage of the Finance Bill Debates in Standing Committee B
Last week's article (Issue 798) covered the first part of the sixth sitting of Standing Committee B.
Financial avoidance
Introducing Clause 38 (Charges on income for the purposes of corporation tax) the Paymaster-General explained:
'The clause emerges from the question of avoidance disclosure regimes introduced in the Finance Act 2004 which has revealed that the avoidance industry has been using annual payments in schemes to generate tax deductions matched by non-taxable income. The Finance Act 2005 blocked one category of the scheme involving...
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Alan Dolton continues our coverage of the Finance Bill Debates in Standing Committee B
Alan Dolton continues our coverage of the Finance Bill Debates in Standing Committee B
Last week's article (Issue 798) covered the first part of the sixth sitting of Standing Committee B.
Financial avoidance
Introducing Clause 38 (Charges on income for the purposes of corporation tax) the Paymaster-General explained:
'The clause emerges from the question of avoidance disclosure regimes introduced in the Finance Act 2004 which has revealed that the avoidance industry has been using annual payments in schemes to generate tax deductions matched by non-taxable income. The Finance Act 2005 blocked one category of the scheme involving...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
