'Corporation tax is not a voluntary tax and Parliament sets out the rules and rates for businesses to follow,' says HMRC
'A fascinating and innovative development aimed at “changing behaviours”'
Revenue & Customs Brief 32/12
‘Sufficient checks and balances are not yet in place,’ says head of tax at Berwin Leighton Paisner
‘Loopholes are being closed with immediate effect,’ the chancellor announced
Small profits rate is unchanged at 20%
AIA increased to £250,000 for two years
Treasury committee set to begin its own inquiry into Britain’s tax system
Carry forward of trade losses is a well-established feature of tax law
It is our job to change the law, Commons treasury committee chairman told HMRC