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Brief
On February 26, 2025, Her Majesty’s Revenue and Customs (HMRC) issued an update regarding Finance Bill 2024-25: Report Stage. The government tabled amendments to several clauses of the bill, including additional relief for visual effects, claims for relief on foreign income and gains, and changes to the remittance basis. These amendments also addressed decommissioning of carbon storage installations and made consequential changes to other schedules.
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