View more on these topics

Group Relief Rules

The group relief rules for companies will be modernised to allow groups and


consortia to be established through companies resident anywhere in the world. The changes are intended to respond to the increasing globalisation of business and will give multinational groups of companies greater flexibility in structuring their commercial activities in the UK.



The changes will take effect from 1 April 2000. Group relief will also be extended from that date to UK branches of overseas companies. From the same date it will be possible to establish a group or consortium for group relief purposes through a company resident anywhere in the world.

Recommended

Increase in PAYE Limits

With effect from 6 April 2000, employers can pay Pay As You Earn (PAYE) and National Insurance Contributions (NIC) to the Inland Revenue quarterly rather than monthly where the average monthly payments to the Inland Revenue are less than £1,500. This limit was previously £1,000. Certain inclusions and deductions need to be made in determining […]

Brown fields property market with safe hands

On the face of it, Budget 2000 has done very little for or to the housing market. The proposed consultation process on the development of brown field sites seems interesting and in need of further investigation. In particular, I would like to know the measures that Gordon Brown would like to see to help bring […]

A new incentive to get Isas right

It was clear from the moment the Chancellor stood up &#45 or at least from when he first uttered &#34prudence for a purpose&#34, that we had all of our pre-Budget predictions confirmed. This was not going to be a give-it-all-away pre-election vote-winning event. And that was how it was.Nevertheless, all Budgets create change and, for […]

Drawing a careful economic picture

There is, as yet, no Mrs Brown to pose with the bachelor Chancellor on the steps of No 11 for the pre-Budget photocall &#45 but prudence was much in evidence. Dealt one of the best economic hands of any Chancellor in living memory, Mr Brown was determined not to give the slightest hint of enjoying […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment