Spring Budget 2021: Chancellor hikes corporation tax to 25% from 2023

From 19%

Jenna Brown
clock
Spring Budget 2021: Chancellor hikes corporation tax to 25% from 2023

Corporation tax will go up to 25% from 2023 but personal tax thresholds will be frozen, Chancellor Rishi Sunak has said in his Budget speech today.

Sunak told the House of Commons the move may not be popular but it was fair as the economy recovers after the Covid-19 pandemic. He added the UK would still have the lowest corporation tax in the G7...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Tax Planning

IHT receipts up £0.6bn, HMRC data reveals

IHT receipts up £0.6bn, HMRC data reveals

'Soaring housing market boosts'

clock 19 November 2021 • 2 min read
Mark Devlin: "Tax-free isn’t always tax efficient."

Mark Devlin: When keeping things tax-free is not tax-efficient

'Tax-free isn’t always tax efficient'

Mark Devlin
clock 19 November 2021 • 7 min read
Rachel Vahey: "

Rachel Vahey: Setting the scene for pension tax relief changes?

'A big change for HMRC'

Rachel Vahey
clock 10 November 2021 • 4 min read