A fresh take on tax
As the deadline for the removal of Goodwill from capital resources calculations approaches, John Detheridge highlights the areas of concern for brokers and questions whether the move is as bad as the industry first thought
Brokers will have already digested a great deal of material about the removal of Goodwill from the capital resources calculations as from 14 January 2008. In addition, the Financial Services Authority (FSA) has been actively alerting firms over the past three years of the need to re-adjust their finances in order to meet the deadline. Its website, www.fsa.gov.uk, contains some useful - and easy to understand - information.
Businesses that have not yet taken steps to rectify any possible deficit
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