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CIS reform
A third draft of the secondary legislation for the reform of the construction industry scheme together with a note highlighting the changes from the second draft has been published by the Inland Revenue. Copies can be downloaded from the Revenue's website or obtained from local tax offices.
Comments on this draft should be sent by 14 January 2005 to: Chris Hasler Revenue Policy Personal Tax 1 Parliament Street London SW1A 2BQ; e-mail: chris.hasler@ir.gsi.gov.uk.
The primary legislation is in FA 2004 ss 57 to 77 and Schs 11 and 12.
(www.inlandrevenue.gov.uk)
Losses
The Government has introduced legislation effective from 14 December 2004 to prevent companies arranging to bring forward tax relief for losses prior to transition to international accounting standards.
The changes ensure that companies do not get relief...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
