The Chancellor has confirmed that the government will outline a business tax roadmap at the Budget on 30 October.
At her first Treasury Questions as Chancellor, Rachel Reeves said investment is ‘at the heart of this government’s growth mission’, but added it is ‘vital’ that the tax system also supports growth. Reeves said the roadmap will include a commitment to cap corporation tax at 25% for the duration of parliament. She also confirmed that the roadmap will retain full expensing.
The Chancellor has confirmed that the government will outline a business tax roadmap at the Budget on 30 October.
At her first Treasury Questions as Chancellor, Rachel Reeves said investment is ‘at the heart of this government’s growth mission’, but added it is ‘vital’ that the tax system also supports growth. Reeves said the roadmap will include a commitment to cap corporation tax at 25% for the duration of parliament. She also confirmed that the roadmap will retain full expensing.
