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Categories:
Comment & Analysis
RICHARD CURTIS reviews the 13th and 14th Public Bill Committee Finance Bill debates
RICHARD CURTIS reviews the 13th and 14th Public Bill Committee Finance Bill debates
KEY POINTS
- Correction of liability on settlor-interested settlements and the dividend upper rate
- New capital allowances
- The £50 000 annual investment allowance
- First-year allowances abolished
- Tax credits for loss-making companies
- The abolition of IBAs and ABAs
The thirteenth session of the Public Bill Committee's review of the 2008 Finance Bill started with a note that the clock above the committee room door was 'way out' — not for the ageing hippies amongst you a reference to its appearance but to the fact that it was eight or nine minutes wrong.
The committee chairman Mr Cook appeared concerned at the breathlessness of some members on arrival.
Controlled foreign companies
Financial Secretary to the Treasury ...
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