PracticeConsultingBUDGET NEWS – Corporation tax start rate reduced.

BUDGET NEWS - Corporation tax start rate reduced.

The starting rate of corporation tax of 10% is to be introduced as planned from 1 April, Brown has confirmed. Around 270,000 companies are to benefit from the halving of the existing rate, which, together with the 3 pence cut in small company rates already announced, will cut corporation tax bills of small businesses by an average of 25%.

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