Budget 2011: At a glance

THE main points from George Osborne's Budget were:

Company taxation

A 2% cut in corporation tax from next month, falling to 23% by 2014
Changes to the Controlled Foreign Company rules from next year including an effective UK tax rate on overseas financing income of 5.75%
A promise of enhanced tax incentives for investment in higher risk companies and for SMEs undertaking research and development activity

Enterprise

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