Policy paper

Draft legislation: the Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) (Amendment) Regulations 2016

Draft legislation on changes to Shadow Advance Corporation Tax rules.

• From: HM Revenue & Customs
• Published: 31 March 2016

Documents

The Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) (Amendment) Regulations 2016

PDF, 121 KB, 3 pages

Explanatory memorandum to the Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) (Amendment) Regulations 2016

PDF, 119 KB, 3 pages

Details

HM Revenue and Customs has published draft regulations and a draft explanatory memorandum. The draft regulations set out changes to the Shadow Advance Corporation Tax rules in consequence of the abolition of the dividend tax credit (and in particular the repeal of the term ‘Franked Investment Income’) from 6 April 2016.

Any comments on the drafts should be sent by email to adrian.coates@hmrc.gsi.gov.uk by 30 June 2016.

Published 31 March 2016