Budget 2011: Corporation tax cut by 2%

BUSINESSES hoping for a more radical change in Corporation Tax received encouragement today as the Chancellor announced plans for a further cut in the levy.

He announced that from next month the rate would be cut by 2% rather than the previously agreed reduction of 1%.

“And it will continue to fall by 1% in each of the following three years – taking our corporate tax rate right down to 23%,” he told the Commons in his Budget speech.

The rate aims to make Britain a more competitive ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...