The Investment Allowance and Cluster Area Allowance (Relevant Income: Tariff Receipts) Regulations, SI 2019/63, expand the definition of ‘relevant income’ eligible for the corporation tax supplementary charge investment and cluster area allowances to include tariff receipts, in addition to produc
The Investment Allowance and Cluster Area Allowance (Relevant Income: Tariff Receipts) Regulations, SI 2019/63, expand the definition of ‘relevant income’ eligible for the corporation tax supplementary charge investment and cluster area allowances to include tariff receipts, in addition to production income earned directly from oil extraction activities.
These regulations are made under a power introduced by Finance Act 2016 and have retrospective effect for accounting periods beginning on or after 16 September 2016.
HMRC consulted during July and August 2018 on a first draft of the regulations, following which the final draft version was published in November.
The regulations came into force on 17 January 2017.
The Investment Allowance and Cluster Area Allowance (Relevant Income: Tariff Receipts) Regulations, SI 2019/63, expand the definition of ‘relevant income’ eligible for the corporation tax supplementary charge investment and cluster area allowances to include tariff receipts, in addition to produc
The Investment Allowance and Cluster Area Allowance (Relevant Income: Tariff Receipts) Regulations, SI 2019/63, expand the definition of ‘relevant income’ eligible for the corporation tax supplementary charge investment and cluster area allowances to include tariff receipts, in addition to production income earned directly from oil extraction activities.
These regulations are made under a power introduced by Finance Act 2016 and have retrospective effect for accounting periods beginning on or after 16 September 2016.
HMRC consulted during July and August 2018 on a first draft of the regulations, following which the final draft version was published in November.
The regulations came into force on 17 January 2017.
