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Reduced Corporation Tax


Good news about Corporation Tax! The Corporation Tax rate will be reduced from 20% (currently) to 17% in 2020!

What does this mean for you and your limited company? This measure will benefit over a million companies, large and small. It will ensure the UK has the lowest tax rate in the G20 (Group of Twenty).

Image 3

Reduced Corporation Tax


 

Image 3

Reduced Corporation Tax


Good news about Corporation Tax! The Corporation Tax rate will be reduced from 20% (currently) to 17% in 2020!

What does this mean for you and your limited company? This measure will benefit over a million companies, large and small. It will ensure the UK has the lowest tax rate in the G20 (Group of Twenty).

  • How much and when? The measure reduces the CT main rate to 17% for the Financial Year beginning 1 April 2020.
  • This is an additional 1% cut on top of the previously announced CT main rate cuts which reduced the CT main rate to 18% from 1 April 2020.

Why? This measure supports the government’s objective of a more competitive corporate tax system to provide the right conditions for business investment and growth.

  • How much and when? The measure reduces the CT main rate to 17% for the Financial Year beginning 1 April 2020.
  • This is an additional 1% cut on top of the previously announced CT main rate cuts which reduced the CT main rate to 18% from 1 April 2020.

Why? This measure supports the government’s objective of a more competitive corporate tax system to provide the right conditions for business investment and growth.

Good news about Corporation Tax! The Corporation Tax rate will be reduced from 20% (currently) to 17% in 2020!

What does this mean for you and your limited company? This measure will benefit over a million companies, large and small. It will ensure the UK has the lowest tax rate in the G20 (Group of Twenty).

  • How much and when? The measure reduces the CT main rate to 17% for the Financial Year beginning 1 April 2020.
  • This is an additional 1% cut on top of the previously announced CT main rate cuts which reduced the CT main rate to 18% from 1 April 2020.

Why? This measure supports the government’s objective of a more competitive corporate tax system to provide the right conditions for business investment and growth.