Restate, with minor changes, certain enactments relating to corporation tax; and for connected purposes.
<p>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.</p><p>This is the fifth Bill produced by the Tax Law Rewrite Project; the Bill rewrites the law without changing its general effect. </p><p>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.</p>