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20 July 2009

Simplification review: corporation tax calculations and returns for smaller companies - a discussion document

Budget 2008 announced a joint review by HM Treasury and HM Revenue and Customs (HMRC) to consider ways of simplifying corporation tax calculations and returns for smaller companies. The Government also promised that it would provide an update on progress of the review in the Pre-Budget Report.
 
Since Budget, HM Treasury and HMRC have been listening to the views of  businesses, their representatives and tax professionals on where complexity creates burdens and how it might be addressed. As an initial step, the Government explored whether some of the suggestions arising out of these broad discussions with stakeholders should be developed further. PBR 2008 announced the publication of a document which provided an update of the review and invited further views on the ideas discussed.

The Government considered the views submitted in response to the discussion document and at Budget 2009 announced its decision that neither of the two proposals discussed would be taken forward. The Government is today publishing a summary of responses received.

Simplification review documents are available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page. 

Media links

• Simplification review: corporation tax calculations and returns for smaller companies - a discussion document (PDF 287KB)
• Simplification review: corporation tax calculations and returns for smaller companies - a summary of responses (PDF 273KB)

Confidentiality disclosure

Information provided in response to this consultation, including personal information, may be published or disclosed in accordance with the access to information regimes (these are primarily the Freedom of Information Act 2000 (FOIA), the Data Protection Act 1998 (DPA) and the Environmental Information Regulations 2004).

If you want the information that you provide to be treated as confidential, please be aware that, under the FOIA, there is a statutory Code of Practice with which public authorities must comply and which deals, amongst other things, with obligations of confidence. In view of this it would be helpful if you could explain to us why you regard the information you have provided as confidential. If we receive a request for disclosure of the information we will take full account of your explanation, but we cannot give an assurance that confidentiality can be maintained in all circumstances. An automatic confidentiality disclaimer generated by your IT system will not, of itself, be regarded as binding on the Department.

The Department will process your personal data in accordance with the DPA and in the majority of circumstances, this will mean that your personal data will not be disclosed to third parties.

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