Pippa Booth and Alycia Spitzmueller explain why, even with the base corporation tax rate decreasing, changes in FA 2013 may increase an entity’s effective rate of tax.
With an increasing focus on the effective tax rate coupled with a greater interest in the tax affairs of companies by society the media investors HMRC and other stakeholders it is more important than ever to keep up to date with changes in tax legislation and how they may affect an entity’s financial results. FA 2013 which was ‘substantively enacted’ on 2 July contains several provisions which may require special attention from a tax accounting perspective and which are highlighted in this article.
The long awaited overhaul of the R&D credit scheme...
