CORPORATION TAX is to be cut by a further 1%, George Osborne told parliament during his Autumn Statement.
Osborne said corporation tax would be cut to 21% from April 2014, making it the lowest rate for any western economy.
Banks will not benefit from the cut, the chancellor said. In fact, the government will increase the annual levy on their balance sheets.
The chancellor also announced that business taxes will also be cut by extending small business rate relief to April 2014.
The UK consumers “may not benefit” from the European Commission’s proposals on e-books
Companies must report on their complex financial structures including offshore accounts and notify HMRC
An examination by the Public Accounts Committee (PAC) has revealed serious concerns relating to HMRC’s plans
Andrew Tyrie suggests there will not be enough time to implement Making Tax Digital (MTD) by April 2018