.png)
.png)
Negligible values
The Revenue has accepted the following securities as having negligible value during February and March 2005 for the purposes of a claim under TCGA 1992, s 24(2).
|
Company |
Security |
Effective date |
|
The Yorkshire Group plc |
all |
7.10.04 |
|
Yorkshire Group plc |
all |
7.10.04 |
|
Futurerival plc |
ord 10p |
11.1.99 |
|
Courts plc |
all |
15.2.05 |
|
United Milk plc |
£1 ord |
12.11.03 |
|
St David's Investment Trust plc |
all |
24.6.04 |
Where the value of shares has become negligible, an allowable loss may be established by the owner claiming that they are treated as being sold and reacquired, either on the date of the claim or at a specified time within the two tax years prior to the date of claim.
See www.inlandrevenue.gov.uk.cgt.negligible_list.htm for the full list of negligible value securities.
Offshore Funds Guide
The Revenue has published its new offshore funds manual.
www.inlandrevenue.gov.uk
Prosecutions Office
The Revenue and Customs Prosecutions Office became the newest component of the UK's criminal justice system on 18 April 2005. Created by the Commissioners for Revenue and Customs Act 2005, the new Prosecutions Office will be responsible for prosecuting all HM Revenue and Customs' criminal cases.
David Green QC is director of the new office and it is superintended by the Attorney General.
Attorney General's Office press release dated 18 April 2005.
