In addition the small companies tax rate, currently set at 20% will be cut to 19% with immediate effect.
Gordon Brown said this would make the UK the most favourable tax regime for small companies in any industrial country.
As expected, capital gains tax for business assets held for more than one year will be cut to 20%, and for business assets held for more than two years it will fall to 10%.
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
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements
Charles Tilley's departure from CIMA leaves the accounting world quieter, but his institute with an exciting foundation