Manufacturers are set to call for a further cut in corporation tax to
maintain the UK’s attractiveness to do business in.
Manufacturing lobby group
will call for the rate to be cut from 28% to 25% by 2011, according to reports.
It will say that the rising tax burden needs to be addressed, as well as the
complexity of the UK tax system.
A survey by the body has found that 54% of companies believed their tax
burden had risen in the past five years.
Corporation tax drops from 30% to 28% from April 2008.
EEF last week appointed former Deloitte European consulting COO Gilbert
Toppin as CEO.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states