Mini Budget 22: Kwarteng cancels planned corporation tax hike

Corporatation tax will remain at 19%, the chancellor confirmed

clock • 2 min read
Corporation tax to remain at 19%
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Corporation tax to remain at 19%

Next year’s planned 6% corporation tax hike will be cancelled as part of a raft of changes to the tax system.

In his first parliamentary statement as chancellor, Kwasi Kwarteng said the government was abandoning the planned tax hike, with corporation tax set to remain at 19% rather than increasing to 25%. ...

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