Pre Budget Report 2009 – summary of large company measures

Kashflow logo
Rebecca Benneyworth
Rebecca Benneyworth Training Consultants
Share this content
  • Bank payroll tax of 50% will apply to bonuses paid by banks after the time of the Chancellor’s announcement unless the amounts and entitlement were contractually fixed before the announcement. See technical summary article. (PBRN02)
  • The debt cap legislation introduced as part of the package of measures on foreign profits in Finance Act 2009 will be amended as a result of consultation between HMRC and businesses since FA 09 was enacted. The changes are intended to allow the debt cap mechanism to work as intended and to ease the practical application of the rules. (PBRN04)
  • Changes to the accounting treatment of financial instruments will impact the tax treatment of those instruments, as the tax treatment follows the accounting treatment. The ch...

Please Login or Register to read the full article

The full article is available to registered 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.


Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.