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In another step to move away from a standardised UK taxation system, Northern Ireland will be setting a corporation tax rate at a level considerably lower than that of the rest of the UK. 

Published in Accountancy

Had to check my diary to see if it was the 1st April today. Rather suprisingly it was not, hence the article read today in a taxation magazine must be true. The article stated that from April 2016 Scotland will have its own rate of income tax, which is likley to be 2% lower than the rest of the UK, at 18% for basic rate taxpayers.

 

Published in Accountancy

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