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Treasury responds to Corporate Tax Cap Consultation 3 August 2006

The Treasury has today released its response to the consultation exercise “Capping Corporate Tax Liabilities”. A copy of the response document can be found here.

All of the people making a contribution to the consultation favoured the introduction of a cap on the amount of tax that companies have to pay.

Treasury will take into account the clear message from the consultation when determining future taxation policy. As that policy work is ongoing, no commitment can be given at this point in relation to the date of introduction or level of a corporate tax cap.

M Couch

Assessor of Income Tax

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