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UK: Government U-turn on Corporation tax

  • Farrell & Farrell
  • Oct 14, 2022
  • 1 min read

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.


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Farrell & Farrell CA Limited (trading as Farrell & Farrell) is registered in NI with registration number NI 639336. Registered with The Chartered Institute of Taxation as a firm of Chartered Tax Advisers. Registered to carry on audit work and regulated for a range of investment business activities by Chartered Accountants Ireland (CAI). Details about our audit registration can be viewed at www.auditregister.org.uk under reference number 3044856.

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