Budget 2021 – Key announcements for businesses


CORPORATION TAX As widely predicted the Chancellor announced an increase to corporation tax rates from April 2023 to 25% for taxable profits above £250,000, which is slightly higher than the 23% rumors pre-Budget. Currently we have one unified tax rate of 19% and this will remain for business with taxable profits of up £50,000 with a tapering relief provisions in … Read More