The new CTA 2010 s 27 (attribution to persons of rights and powers of their associates) inserted by FA 2011 is reflected in an updated Small Profits Rate and Marginal Relief Toolkit, HMRC announced.
Extra statutory concession C9 does not apply for accounting periods ending on or after 1 April 2011 in determining whether companies are associated for small profits rate purposes.
The new CTA 2010 s 27 (attribution to persons of rights and powers of their associates) inserted by FA 2011 is reflected in an updated Small Profits Rate and Marginal Relief Toolkit, HMRC announced.
Extra statutory concession C9 does not apply for accounting periods ending on or after 1 April 2011 in determining whether companies are associated for small profits rate purposes.
