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Corporation tax rate reduction

Following the Brexit vote and the appointment of a new Chancellor, the government has clarified the proposed future changes to the rate of corporation tax in the UK. The current rate of 20% is to be reduced to 19% from 1 April, 2017, before being further reduced to 17% on 1 April 2020. The planned further reduction to 15% will not now take place.

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Tony Shackleford
Tony Shackleford

Chartered Accountant offering support to Limited companies and the self employed.

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