the chancellor reiterated the planned decrease in the main rate of corporation tax to 25% from April 2012
Whilst the Chancellor's Autumn Statement was not intended to be a pre-budget report a few tax points were mentioned. One clear message was that the main rate for Corporation Tax will be reduced to 25% from April 2012 as previously announced. We are expecting the main rate of Corporation Tax to fall further - to 24% from April 2013 and to 23% from April 2014. These reductions are part of the package to achieve the Chancellor's stated objective of making the UK the most competitive tax system in the G20.
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