Emergency Budget 2010: Corporation tax rates
The Chancellor has announced a welcome reduction in corporation tax rates. He is reducing the main rate, currently 28%, over a four year period from 2011 to reduce the main rate down (by 1% a year) to final rate of 24%.
On the small companies rate (on profits below £300,000) the proposed increase to 22% from next year had been cancelled and instead the rate will reduce to 20%.
Date: 22nd June, 2010
Articles from this Author
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
Business News from Mercer & Hole Accountants - Considering outsourcing your financial functions? Read on... mailchi.mp/stalbans-chamb…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole