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Budget 2016 Home Page 2016 Tax Expenditure Statement - Budget 2016

Table 5: Revisions to Tax Expenditures since the 2015 Tax Expenditure Statement

Tax Expenditure Sections Comments
Charities deregistration Section HR 12 As amended by the Taxation (Annual Rates 2015-16, Research and Development, and Remedial Matters) Act 2016. 
Community housing Section CW 42B Added by the Taxation (Annual Rates, Employee Allowances, and Remedial Matters) Act 2014 and further amended by the Taxation (Annual Rates 2015-16, Research and Development, and Remedial Matters) Act 2016. 
Employee share schemes Sections DC 12-15, CE 2 Further analysis shows that qualifying share schemes are or can be tax expenditures. 
Research and Development - cashing out tax losses Subpart MX Added by the Taxation (Annual Rates 2015–16, Research and Development, and Remedial Matters) Act 2016.
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