COMMISSION DECISION
of 30 March 2004
on the aid scheme which the United Kingdom is planning to implement as regards the Government of Gibraltar Corporation Tax Reform
(notified under document number C(2004) 929)
(Only the English text is authentic)
(Text with EEA relevance)
(2005/261/EC)
I.
PROCEDURE
II.
DETAILED DESCRIPTION OF THE MEASURE
III.
GROUNDS FOR INITIATING THE PROCEDURE
IV.
COMMENTS FROM THE UNITED KINGDOM
V. COMMENTS FROM INTERESTED PARTIES
VI. ASSESSMENT
|
|
Tax rate |
|
|
Number |
Current |
Post-reform |
All companies (breakdown by sector) |
29 000 |
|
|
Financial services |
179 |
0-35 % |
5-15 %(40) |
Utilities |
23 |
35 % |
35 % |
Other |
28 798 |
0-35 % |
0-15 % |
All companies (breakdown by income) |
29 000 |
|
|
With income |
10 400 |
0-35 % |
0-15 %(38) |
No income |
18 600 |
— |
— |
Companies with income (breakdown by status) |
10 400 |
|
|
Non-exempt |
1 400 |
0-35 % |
0-15 %(38) |
Exempt |
9 000 |
0 % |
0-5 %(39) (40) |
Non-exempt with income (breakdown by profit) |
1 400 |
|
|
Make profit |
540 |
0-35 % |
0-15 %(38) |
No profit |
500 |
— |
— |
Non-exempt with income (breakdown by status) |
1 400 |
|
|
Qualifying |
140 |
2-10 %(41) |
0-15 % |
Non-qualifying |
1 260 |
35 %(42) |
0-15 % |
Utilities |
23 |
35 % |
35 % |
Exempt with income (breakdown by sector) |
9 000 |
|
|
Financial services |
70 |
0 % |
5 %(39) (40) |
Non-financial services |
8 930 |
0 % |
0 %(39) |