The changes are expected to have very limited impact given that the ring fence tax rate is not expected to be impacted by the progressive 2% corporate tax reduction. There is limited visibility of the qualifying new expenditure that would benefit tax allowances.
09 Jul 2015
UK BUDGET - MINIMAL IMPACT AT FIRST GLANCE
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UK BUDGET - MINIMAL IMPACT AT FIRST GLANCE
EnQuest PLC (ENQ:LON) | 14.6 0.1 3.8% | Mkt Cap: 280.2m
- Published:
09 Jul 2015 -
Author:
Stephane Foucaud -
Pages:
2
The changes are expected to have very limited impact given that the ring fence tax rate is not expected to be impacted by the progressive 2% corporate tax reduction. There is limited visibility of the qualifying new expenditure that would benefit tax allowances.