Finance Bill provisions on degrouping charges

Tracey Wright

Michael Bell

Will the changes simplify the rules in practice? Michael Bell and Tracey Wright analyse the practical impact of the changes in the current Finance Bill

Michael Bell Tracey Wright The current Finance Bill (Finance (No. 3) Bill 2010/11) contains at Sch 10 legislation to be introduced which is intended to simplify the calculation of degrouping charges.

The legislation was due to take effect from Royal Assent but the government recently announced that taxpayers can elect to apply the new legislation to transactions taking place from 1 April 2011 onwards. This legislation is the result of a lengthy simplification review...

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Will the changes simplify the rules in practice? Michael Bell and Tracey Wright analyse the practical impact of the changes in the current Finance Bill

Michael Bell Tracey Wright The current Finance Bill (Finance (No. 3) Bill 2010/11) contains at Sch 10 legislation to be introduced which is intended to simplify the calculation of degrouping charges.

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: