Tax reconciliation and United Kingdom Financial Investments Ltd: Difference between pages

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''Accounting''.  
(UKFI).


A quantified explanation of the difference between:
United Kingdom Financial Investments Ltd was the organisation set up in 2008 to manage the UK government's investments in financial institutions.


# The reported tax charge (or credit) in financial statements; and
UKFI was responsible for managing government investments in recipient banks, including government shareholdings in Royal Bank of Scotland and Lloyds Banking Group, and government shareholdings in - and loans to - UK Asset Resolution (UKAR).
# The standard rate of corporation tax applied to the reported accounting profit (or loss).


In this context item 2. above is sometimes known as the 'expected tax charge'.


UKFI's responsibilities have now been transferred to United Kingdom Government Investments Ltd (UKGI).


== See also ==
 
* [[Effective tax rate]]
==See also==
* [[Reconciliation]]
* [[B&B]]
* [[HM Treasury]]
* [[UK Asset Resolution]]
* [[United Kingdom]]
* [[United Kingdom Government Investments Ltd]]
 
[[Category:The_business_context]]

Revision as of 09:49, 19 June 2019

(UKFI).

United Kingdom Financial Investments Ltd was the organisation set up in 2008 to manage the UK government's investments in financial institutions.

UKFI was responsible for managing government investments in recipient banks, including government shareholdings in Royal Bank of Scotland and Lloyds Banking Group, and government shareholdings in - and loans to - UK Asset Resolution (UKAR).


UKFI's responsibilities have now been transferred to United Kingdom Government Investments Ltd (UKGI).


See also

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