New Corporation Tax Rates from 2023
A 25% corporation tax rate will apply to all of a company’s profits if they exceed £250,000 from 1 April 2023.
A 25% corporation tax rate will apply to all of a company’s profits if they exceed £250,000 from 1 April 2023.
In his Spring Budget 2021, Chancellor of the Exchequer Rishi Sunak announced a series of additional business support measures to help those businesses struggling as a result of the coronavirus pandemic and lockdown restrictions.
A restaurateur from Warwickshire has been banned for five years after he underreported the business’s takings to avoid paying the correct tax.
Rishi Sunak announced his Spring Budget on 3 March 2021, and it was more positive than many expected.