TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Firm taxed on total income at Finance Act rate for relevant year, replacing previous maximum marginal rate rule</h1> For a firm assessable as a firm, tax is imposed on the firm's total income at the rate specified in the Finance Act for the relevant year. The provision replaces earlier formulations that treated associations of persons or bodies of individuals with indeterminate or unknown member shares by taxing at the maximum marginal rate; those special-case rules were subsequently removed or amended, leaving the clear rule that firms are taxed on total income at the statutory rate set for the year.
TaxTMI 
TaxTMI 
