Companies

KEITH M GORDON MA (Oxon), ACA, CTA, barrister explains a novel way for small companies to mitigate the effects of the non-corporate distribution rate.

SMALL COMPANIES CAN avoid the non-corporate distribution rate (NCDR) in two ways according to the Government. The first is by ensuring that the company delays paying dividends until it is making annual profits in excess of £50,000; the second is by not paying any dividends in the first place.

NIGEL POPPLEWELL CTA (Fellow) shows why corporate finance transactions are becoming increasingly expensive.

The European Commission has launched open consultations on European Union company taxation. More information, including consultation documents setting out options and the various technical considerations involved in the two proposals, is available on the Europa website at: http://europa.eu.int/comm/taxation_customs/taxation/consultations_en.htm.

When corporation tax self assessment was introduced with effect from 1 July 1999, it adopted many of the provisions that existed under corporation tax pay and file.