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Tax and accounting: changes

Series: Inland Revenue Press Release ; (101) 1 August 2001 (3)Publication details: 2001Subject(s): Summary: The Paymaster General announces that government will introduce legislation to clarify the basis on which profits are taxed. This will ensure that trading profits are taxed efficiently and tax relief is provided once only for trading expenses.

The Paymaster General announces that government will introduce legislation to clarify the basis on which profits are taxed. This will ensure that trading profits are taxed efficiently and tax relief is provided once only for trading expenses.