Hi All
Got Corporation Tax notice about changes to CT600 form.
There is a new tax called bank levy, which is a charge based on total chargeable equity and liabilities reported on the relevant balance sheet.
Anyone know about this? Anyone know if this means ltd co warchest of cash is going to be taxed?
HM Revenue & Customs: Draft legislation: Bank Levy
Cheers, rich
Got Corporation Tax notice about changes to CT600 form.
There is a new tax called bank levy, which is a charge based on total chargeable equity and liabilities reported on the relevant balance sheet.
Anyone know about this? Anyone know if this means ltd co warchest of cash is going to be taxed?
HM Revenue & Customs: Draft legislation: Bank Levy
Cheers, rich
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