Temat: United Kingdom corporate tax rate reduced

As every year on April 1st, the UK's main corporate tax rate has changed. In recent years the UK government has reduced the main corporate tax rate and in 2014 the tax rate reached almost 20%. The new tax rate is 21%, down 2% from the previous 23% and down 5% over the last 3 years. Although the small win rate for wins of £300,000 or less has remained the same for a number of years.

What it means?
This means the UK supports medium to large income businesses and hopes this would boost new business creation. The UK is aiming to reduce the main corporate tax rate to 20% by 2015 in the hope that this would significantly improve the UK's economy. And the expectation of a change in GDP from a budget deficit to a profit by 2018-19.

https://www.baltic-legal.com/news-united-kingdom-tax-rate-reduced-eng.htm
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