Budget 2012 Corporation Tax Cut to 24% then 22%
Published / Last Updated on 14/03/2014
Budget 2012 Corporation Tax Cut to 24% then 22%.
Corporation tax rates will be reduced higher than originally announced as follows:
- 2012/13 Reduced from 26% to 24%
- 2014/15 Reduced to 22%
The Chancellor claimed that these cuts means that corporation taxes in the UK will be lower than US, Japan, France and Germany. A clear statement to the World that Britain is open for business.
Budget Summary 2012