Corporation Tax - news and updates
20 November
Tax Law Rewrite
Tax Law Rewrite's final Bills 6 and 7 were introduced into Parliament on 19
November. Versions of the Bills without origins are available on the Parliamentary
website and versions with origins are available on the HMRC website.
13 November
Corporation Tax Online - prepare your
software
An important message for customers who plan to file their Company Tax Returns
online.
11 November 2009
Corporation Technical Pack for third
party software developers
The pack now includes specifications for developing iXBRL capability into
your software. This information is only useful to firms developing their own
software, everyone else should contact their software provider if they have
questions about future iXBRL support.
9 November 2009
Corporation Tax: loan relationships:
draft legislation on proposed changes to the tax rules on buy-backs of company
debt
Following the statement made on 14 October 2009, a further statement has been
made today by the Financial Secretary to the Treasury has been published on
the proposed changes to the loan relationships rules on debt buy-backs, and
draft clauses have now been published in support of both statements.
Update - changes to debt cap proposed for Finance
Bill 2010
The Financial Secretary to the Treasury has announced that legislation will
be included in Finance Bill 2010 to make changes to the worldwide debt cap.
A technical paper explains in more detail what is proposed.
Debt
Cap Regulations (Opens new window)
The Corporation Tax (Exclusion from Short-Term Loan Relationships) Regulations
are now available on the OPSI website.
4 November
Statutory
Instrument SI 2889 (PDF 47K) (Opens new window)
The Lloyd's Underwriters (Tax) (Amendment) Regulations 2009.
Explanatory
Memorandum to SI 2889 (PDF 98K) (Opens new window)
Explanatory Memorandum to The Lloyd’s Underwriters (Tax) (Amendment)
Regulations 2009.
30 October 2009
Consultation
on associated company rules (Opens new window)
A joint HMT/HMRC consultation document was published on 29 October 2009 seeking
views on a proposal for reforming the associated company rules as they apply
to the small companies' rate of Corporation Tax.
23 October 2009
Re-organisation of Corporation Tax work
An updated message for Corporation Tax customers in North West and East Lancashire.
Corporation Tax
Online: help for companies and agents (PDF 102K)
Advice from HM Revenue & Customs on XBRL data tagging for companies and
agents who don't plan to use iXBRL enabled final accounts production software.
22 October 2009
Draft legislation: Corporation Tax rules on
debt buy backs
Corporation Tax: loan relationships: further details on the proposed changes
to the tax rules on buy-backs of company debt announced in a statement by
the Financial Secretary to the Treasury on 14 October 2009.
Statutory
Instrument SI 2797 (Opens new window)
The Corporation Tax (Implementation of the Mergers Directive) Regulations
2009
Explanatory
Memorandum to Statutory Instrument SI 2797 (Opens new window)
Explanatory Memorandum to The Corporation Tax (Implementation of the Mergers
Directive) Regulations 2009.
19 October 2009
New CFM goes live
The new Corporate Finance Manual is now available and the Banking Manual has
been withdrawn.
14 October 2009
Corporation Tax on Chargeable
Gains: Indexation Allowance: September 2009
Corporation Tax on Chargeable Gains: Indexation Allowance: September 2009.
9 October 2009
Re-organisation of Corporation Tax work
An important message for Corporation Tax customers in 1.Glos & Beds 2.Cambs
& S Essex 3.NW Lancs 4. E Lancs.
8 October 2009
Northern Ireland Corporate Tax Office (NIrCTO)
web pages go live
NIrCTO is working with local government and business to help promote corporate
inward investment and business expansion. They have also published a practical
guide to the Research & Development (R&D) Relief Scheme in Northern
Ireland.
29 September 2009
Corporation Tax pages updated providing clear and
practical guidance
We're continuing to make improvements to our website, making the information
and guidance easier to find and understand.
14 September 2009
Re-organisation of Corporation
Tax work
An important message for Corporation Tax customers in East Herts and West
Essex.
Re-organisation of Corporation
Tax work
An important message for Corporation Tax customers in Bristol, Devon, Oxon
and Bucks, Cornwall, Somerset, West Lancs and Worcester.
1 September 2009
Joint filing of HMRC
and Companies House returns - latest position
HMRC and Companies House have today issued a statement about progress towards
developing an optional joint filing facility.
28 August 2009
The Corporation Tax Marginal Rate Relief (MRR)
calculator
The MRR calculator has been updated - most companies and organisations can
use this tool to calculate any relief that's due.
26 August 2009
Corporation Tax: loan
relationships: guidance on legislation on late payments of interest between
connected companies (PDF 25K)
Guidance has been published on legislation in Finance Act 2009 on late payments
of interest between connected companies.
21 August 2009
New Corporate Finance Manual and withdrawal
of Banking Manual
The Financial Products team are currently revising the Corporate Finance Manual,
which provides guidance on the Corporation Tax rules on loan relationships,
derivative contracts, foreign exchange, and other aspects of corporate finance.
20 August 2009
Corporation
Tax alert for agents and businesses (Opens new window)
HM Revenue & Customs (HMRC) is writing to half a million companies and
tax agents this month, to alert them to important changes to Corporation Tax
(CT) filing.
19 August 2009
Corporation Tax on Chargeable
Gains
Corporation Tax on Chargeable Gains: Indexation Allowance: July 2009
17 August 2009
Re-organisation of Corporation
Tax work
An important message for Corporation Tax customers in Warwickshire.
Re-organisation of Corporation Tax
work
An important message for Corporation Tax customers in Dorset.
14 August 2009
Corporation Tax: Loan relationships
and derivative contracts
Draft guidance has been published for comment on the foreign exchange anti-avoidance
provisions contained in Schedule 21 of Finance Act 2009.
11 August 2009
CT600I (2009) (PDF 36K)
The new CT600 supplementary page covering the supplementary charge in respect
of ring fence trades is published today.
9 July 2009
Simplification
review: Capital gains rules for groups of companies - a discussion document
(Opens new window)
The Government would like to hear the views of business, as well as those
of representative bodies and tax advisers, on the policy options outlined
in the discussion document for simplification of the capital gains rules for
groups of companies.
30 June 2009
Re-organisation of Corporation Tax
work
An important message for Corporation Tax customers in Wales.
Re-organisation of Corporation Tax
work
An important message for Corporation Tax customers in Merseyside.
19 June 2009
CT600 Guide (2009) Version 2 (PDF 193K)
The latest guide to completing your Company Tax Return form is published today.
8 June 2009
Re-organisation of Corporation Tax work
An important message for Corporation Tax customers in Northern Ireland.
Re-organisation of Corporation
Tax work
An important message for Corporation Tax customers in Cheshire.
Re-organisation of Corporation
Tax work
An important message for Corporation Tax customers in Yorkshire.
11 May 2009
CT 600 Budget insert (PDF 35K)
An overview of some of the main Budget changes affecting Corporation Tax and
the Company Tax Return form.
Re-organisation of Corporation Tax work
An important message for Corporation Tax customers in Ayr, Cumbria, Northumbria
and Wear & Tyne.
24 April 2009
Corporation Tax forms
An overview of Budget 2009 changes for software developers.
