The Tory party Treasurer has said he hopes that cuts to corporation tax would
go further than the promises already made by the Conservatives and that the 50%
income tax band would be removed.
Michael Spencer, chief executive of interdealer broker Icap, made the
comments in an interview for the Financial Times.
The Tories have already committed to a cut in corporation tax from 28% to
25%, but Spencer is reported saying that he personally hopes that the tax would
get down to 20% under a Tory government.
He said the party “cherished” the City.
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals
Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory