The New Legislation
In order for Companies to comply with the new regulation , they have to disclose how much of their slice of turnover of the total of all lv for intermediaries activities conducted by the Company during the previous year can be identified as green activity . There is no level of 'green' for United Kingdom companies. Companies that want to have a green operation, now have to disclose to the stakeholders whether or not the activity is conducted 'green' or not. Many small to medium sized businesses are not aware of the REBall Canada rule. Also many of the businesses they are aware of have not taken advantage of this new due diligence tool . That's why companies are reported to be operating in accordance with the old tax rates . Those businesses are reported to be operating in compliance with the old law, where the same old rates of lv for intermediaries corporation tax apply. However, for those businesses that really want to act 'green' and report to the m