Corporation tax

Taxes still weigh heavily on businesses, says IoD

The real tax burdens on business are much heavier than just those imposed by corporation tax, the Institute of Directors (IoD) has said.

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HMRC announces single process for tax checks

HM Revenue and Customs (HMRC) has said that it is planning trials which will streamline and simplify the process under which tax compliance checks are conducted.

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Chancellor reiterates commitment to corporation tax cut

The Chancellor, George Osborne has marked out the decision to make large cuts to corporation tax as a defining characteristic of the Government.

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Corporation tax

Details of corporation tax rates and bands.

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Small businesses question impact of the Budget

While the Budget may not have any adverse effects, small businesses have voiced scepticism over the benefits it will deliver, according to a recent snapshot survey.

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Budget 2011: business reaction (I)

By and large, business groups extended a welcome to the Budget, but some expressed doubts about whether the Chancellor had done enough to stimulate a private sector led recovery.

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Budget 2011: generating growth

Last year the spending cuts and the tax rises; this year renewal and recovery. That had long been the message offered by the Government in the approach to its second Budget, and the Chancellor, George Osborne was quick to assert the positive outlook of his statement.

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Budget 2011: main rate of corporation tax to be cut

There was good news for larger firms in the Chancellor's second Budget as he announced a further cut in corporation tax. As part of the Government's strategy for growth, Mr Osborne said that the main rate of corporation tax will be reduced by 2 per cent as from April 2011.

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