Restate, with minor changes, certain enactments relating to corporation tax; and for connected purposes.
The main purpose of the Bill is to rewrite the charge to corporation tax and the primary corporation tax legislation used by companies in computing their income.
This is the fifth Bill produced by the Tax Law Rewrite Project; the Bill rewrites the law without changing its general effect.
Rewrite Bills are subject to a streamlined procedure for Parliamentary scrutiny: they are introduced in the House of Commons, referred to a Second Reading Committee, and then to a Joint Committee of both Houses.