eprintid: 14941 rev_number: 24 eprint_status: archive userid: 600 dir: disk0/00/01/49/41 datestamp: 2009-08-02 17:37:43 lastmod: 2015-07-23 09:36:35 status_changed: 2009-08-02 17:37:43 type: report metadata_visibility: show item_issues_count: 0 creators_name: Blow, L. creators_name: Hawkins, M. creators_name: Klemm, A. creators_name: McCrae, J. creators_name: Simpson, H. creators_id: LEBLO21 creators_id: creators_id: creators_id: creators_id: title: Budget 2002: business taxation measures ispublished: pub subjects: 12000 divisions: F24 abstract: Following the 2002 Budget, this Briefing Note examines some of the Chancellor's changes to business taxation. A number of Budget measures, including the research and development tax credit for large companies and the exemption of capital gains on the sale of subsidiaries, are welcome and should improve the efficiency of the UK's tax system. All of these measures were subject to extensive prior consultation. A number of other measures were not foreshadowed in the Pre-Budget Report. Three of these are examined here - the new 0% rate of corporation tax, the changes to North Sea taxation and the new anti-avoidance measures for stamp duty. date: 2002-05 publisher: Institute for Fiscal Studies official_url: http://dx.doi.org/10.1920/bn.ifs.2002.0024 vfaculties: VSHS oa_status: green language: eng primo: open primo_central: open_green lyricists_name: Blow, L lyricists_id: LEBLO21 full_text_status: public series: IFS Briefing Notes number: BN24 place_of_pub: London, UK citation: Blow, L.; Hawkins, M.; Klemm, A.; McCrae, J.; Simpson, H.; (2002) Budget 2002: business taxation measures. (IFS Briefing Notes BN24 ). Institute for Fiscal Studies: London, UK. Green open access document_url: https://discovery.ucl.ac.uk/id/eprint/14941/1/14941.pdf