Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Areas of wider interest

The fifth and sixth sittings of the 2014 Finance Bill debate

KEY POINTS

  • HMRC seek to legislate against avoidance schemes before implementation.
  • Research and development repayable tax credit increased.
  • Tax reliefs for the creative industries are improved.
  • As for charities community amateur sports clubs will be able to benefit from gifts of money.
  • Some elements of anti-avoidance legislation are relaxed.

The fifth sitting of the public bill committee’s debate of the 2014 Finance Bill began on Tuesday 6 May with consideration of clause 26: “Release of debts: stabilisation powers under Banking Act 2009.”

The economic secretary to the Treasury Andrea Leadsom said:

“The clause will amend the corporation tax rules on loan relationships in CTA 2009 Part 5. The change will apply to any bank or other financial institution subject to the application of any of...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon