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A release of earlier advance corporation tax provisions helped CHE to finish with an after-tax profit of pounds 600,000, against a pounds 200,000 loss the year before.
income tax/FTC purposes: * Any advance corporation tax (ACT) refund paid to a U.S.
Ever since he walked into11 Downing Street in May 1997, stolid, po-faced Gordon Brown has been robbing the nation's pensions funds to the tune of pounds 5 billion by denying them the tax credit on the share dividend income that forms a large part of their annual incomeIt was called the reform of advance corporation tax. That's a concept that very few people understood and even fewer cared about.
'But the complexity of these new rules, together with the reform of the UK double tax relief system in 2001, the increase in National Insurance contributions with effect from April next year and the abolition of advance corporation tax, have adversely affected companies.'

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