Category: Corporation Tax

Dec 05 2019 December 5, 2019 January 29, 2020 NoComment by admin

Plans to cut corporation tax put on hold

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Prime Minister Boris Johnson has announced that the planned cuts to corporation tax are to be put on hold. On 1st April 2020, corporation tax was due to fall from 19% to 17%. However, in the run up to the December general election, Conservative party leader Boris Johnson has announced that this cut to corporation…

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Apr 20 2019 April 20, 2019 January 29, 2020 NoComment by admin

Personal Savings Allowance: What is it and how does it work?

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The Personal Savings Allowance allows most individuals to earn up to £1,000 of income from their savings tax-free. Introduced on April 6th2016, The Personal Savings Allowance benefits those earning income from money in savings. Before this date, any income earned from savings was liable to income tax. As a result of the allowance, most people…

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Jun 07 2018 June 7, 2018 January 29, 2020 NoComment by admin

Large businesses Pay Less In Corporation Tax Than SMEs

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While tax rules are supposed to be fair for everyone, there will always be winners and losers in any system no matter how robust. A recent study by accountancy firm Moore Stephens found that big corporations with a turnover in excess of 1 billion were paying 20% in corporation tax compared to SMEs who pay…

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