Lagerberg, Francesca
February 2011
Accountancy;Feb2011, Vol. 147 Issue 1410, p71
Trade Publication
The article presents updates related to taxation in Great Britain. The coalition government has published draft clauses for the proposed Finance Bill 2011, which includes changes to the main rate of corporation tax, simplification of the definition of an associated company, and mitigation of the tax implications for companies adopting the proposed new lease accounting under International Financial Reporting Standards (IFRS). Her Majesty's Revenue & Customs (HMRC) has released a guidance on application of non-statutory business clearances.


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