HMRC has published a revised technical note on a measure, set to take effect from 20 March 2013, to prevent companies entering ‘arrangements to access, as part of a business transfer, various forms of unrealised corporation tax losses from unconnected third parties’.
A technical note was issued on 20 March but the new note includes the draft legislation, explanatory notes and the tax information and impact note.
Comments are invited by 2 May, and the legislation will be added to the Finance Bill at committee stage.
HMRC has published a revised technical note on a measure, set to take effect from 20 March 2013, to prevent companies entering ‘arrangements to access, as part of a business transfer, various forms of unrealised corporation tax losses from unconnected third parties’.
A technical note was issued on 20 March but the new note includes the draft legislation, explanatory notes and the tax information and impact note.
Comments are invited by 2 May, and the legislation will be added to the Finance Bill at committee stage.
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