Just 40% ready for corporation tax bill

The research follows a hike in corporation tax for small businesses in April this year and plans to hike rates again over the next two years. The research shows some businesses cannot afford the bill as 19% of companies that have not set aside extra funds say they cannot because of the number of late payments owed to them at any one time. The results also reveal a trend to leave things until the last moment as more than one third of businesses questioned wait until close to their specific deadline before making preparations. Those that have not prepared to pay their bill will have to...