Friday 30 October 2015

HMRC’s homage to Peter Falk with new 45% "special" CT rate


So the ink was almost dry on the Finance Bill. Then in a last minute move reminiscent of the late great Peter Falk playing Colombo, HMRC stopped and said “Oh, just one more thing…”

And that thing? An unexpected new tax (or rate of tax to be precise), intended by HMRC to avoid “an unfair tax advantage” being enjoyed by some.