The Budget was a pretty decent one for business. No-one will be happy with everything in it, but we can be pleased with a good proportion of the measures.
The Budget was a pretty decent one for business. No-one will be happy with everything in it but we can be pleased with a good proportion of the measures.
The headline for business was the additional 1% cut in the main corporation tax rate giving a 26% rate this year and 23% by 2014. This will improve the UK’s ranking internationally but sadly it will still not be enough to put us ahead of the pack of other countries. We still need a timetable to take corporation tax down to 15% over the next decade.
We also need a timetable for phasing out the 50% rate of income tax. The Chancellor did say that it was...
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The Budget was a pretty decent one for business. No-one will be happy with everything in it, but we can be pleased with a good proportion of the measures.
The Budget was a pretty decent one for business. No-one will be happy with everything in it but we can be pleased with a good proportion of the measures.
The headline for business was the additional 1% cut in the main corporation tax rate giving a 26% rate this year and 23% by 2014. This will improve the UK’s ranking internationally but sadly it will still not be enough to put us ahead of the pack of other countries. We still need a timetable to take corporation tax down to 15% over the next decade.
We also need a timetable for phasing out the 50% rate of income tax. The Chancellor did say that it was...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
