Corporate Tax Planning after the Budget

Article Abstract:

Proposals in the budget represent a change. Companies are to be subject to a lower nominal rate of corporation tax in future, but there is less opportunity to reduce taxable profits so the real tax 'take' may actually increase. Banks and other financial companies are no longer able to cover their profits by learning. The budget for them is a change from deferred tax to tax actually payable at a much reduced nominal rate. The relaxation of the two year time limit for carrying back surplus advance corporation tax will also afford significant opportunities. The abolition of the investment income surcharge helps shareholders to take substantial dividends to extract retained profits.

Analysis, Taxation, Corporate taxes, Budget, Budgeting, Budgets, Corporations, Loss deductions

---

After the Budget: Personal Tax Planning

Article Abstract:

Sensible business planning often means planning on the basis of worst possible assumptions. The period of 1984- 1985 is the last in which IRA investment will offer the conversion of taxable income into capital. It is more beneficial for the individual to take cash out of the company as increased remuneration, rather than as dividends. In some cases, it could be worth while for director/shareholders to form a discretionary or accumulation and maintenance settlement now and transfer some of their shares to the settlement.

---

Suprises in the Finance Bill

Article Abstract:

There are a number of surprising aspects of the government's proposed fiscal legislation which have become apparent only on the publication of the Finance Bill. They are: investment income surcharge, foreign emoluments, United States zero coupon bonds, employee share options, private investment companies, job-related accommodation, and sales of land by non-residents. Some of these have an adverse effect and some have beneficial consequences.

Laws, regulations and rules, Investments, Finance

Similar abstracts:

• Abstracts: Corporate linkages and organizational environment: a test of the resource dependence model. Market position, resource profile, and governance: linking Porter and Williamson in the context of international courier and small package services in Japan
• Abstracts: Domestic competitive strategy and export marketing strategy: the impact of fit on the degree of internationalisation of SMEs
• Abstracts: Corporate control, portfolio choice, and the decline of banking. Do depositors punish banks for bad behavior? Market discipline, deposit insurance, and banking crises
• Abstracts: Property Transactions and the Businessman. Property and the Businessman - Benefits in Kind Aspects. Change in Rules on Gilt Transactions for Building Societies
• Abstracts: A Powerful Modelling Package for the Experts. A Package That's Safe - But Not so Friendly

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.