Non corporate distributions - The end is nigh!

Posted by AccountingWEB PM | on Mon, 09/01/2006 - 10:20  4733  1 comment

Rebecca Benneyworth considers the impact of the abolition of the Non Corporate Distribution rate of corporation tax and whether any particular issues arise now that the tax is to be abolished.

The announcement of the abolition of the non corporate distribution rate of corporation tax in the Pre Budget Report last December was welcome news for many acting for smaller companies.

Continued...

» Register now

The full article is available to registered AccountingWEB members only. To read the rest of this article you’ll need to login or register.

Registration is FREE and allows you to view all content, ask questions, comment and much more.

Tags
Tax
Business
More like this
Comments

Jumping the gun

NeilW | Mon, 09/01/2006 - 13:36 | Permalink

Bear in mind that the finance bill has yet to be published. We may hope that the NCD and starting rate are merely going to be repealed. However we can't yet rule out the possibility of transistion legislation that will prevent people from delaying dividend payments to avoid tax - particularly given this governments track record in the area.

NeilW

Related links
The accounts production landscape: A new alternative?
Rebecca Benneyworth & Intuit deliver RTI Implementation Gripes: free whitepaper
Drive growth and boost profitability with these 10 steps: Free whitepaper