Corporation Tax Act 2010
The Corporation Tax Bill 2009-10 received Royal Assent on 3 March 2010 to become the Corporation Tax Act 2010.
The Corporation Tax Act 2010 substantially completes the rewrite of the corporation tax code. It includes provisions relating to losses and gifts to charities, group relief, distributions and avoidance.
The Tax Law rewrite project which was launched by HMRC back in 1996 has now ended although not all UK tax legislation has been rewritten. The project aimed to make tax legislation more readable and accessible to its target audience.