Corporation Tax
Published / Last Updated on 17/03/2014
Corporation Tax and Bank Taxes - Pre-Budget 2009
by Ashley Clark, Director
Corporation Tax
21% to 22% ‘Small Companies’ Corporation tax increase postponed until 1 April 2011
50% Bank Payroll Tax
Where Banks and Building Societies pay bonus greater than £25,000. Additional Bank Payroll Tax paid on excess over £25,000. Cannot be offset against expenses. Meaning a real tax rate of 78%