• Farrell & Farrell

UK: Government U-turn on Corporation tax

In response to the market turmoil since the announcement of the Mini-Budget, the Prime Minister Liz Truss has sacked the Chancellor Kwasi Kwarteng and also announced today that the planned rise in Corporation tax to 25% from April 2023 (which was scrapped as part of the Mini-Budget) will now go ahead as previously planned.

1 view0 comments

Recent Posts

See All

In response to the Bank of England interest rate increase to 3.0%, HMRC’s late payment interest rates will also increase with effect from 22 November 2022 as follows: - late payment interest rate — 4.