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Amendments tabled for Finance Bill 2013

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The government has tabled amendments to the Finance Bill, as follows:

Transfer of assets abroad: Two amendments to Sch 10, which remove domicile as a relevant factor in determining whether a company is a ‘person abroad’.

R&D ‘above the line’ credit: 16 amendments to Sch 14, making changes to the steps taken to calculate the new credit to ensure a consistent net benefit to the claimant company irrespective of any corporation tax liability.

CT relief for video games development: 11 amendments to Schs 16 and 17, which provide the government with the necessary powers to update the Sch after Royal Assent to the Finance Bill, allowing for a delay in State aid approval.

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