Corporate tax hike announced following 3 March 2021 UK budget
The Government has said corporate tax rate will be hiked to 25% from April 2023. Businesses with profits <£50,000 will continue to benefit from 19% rate, while a tapered rate will be introduced for profits between £50,000 and £250,000. The Government has also announced that the rate of VAT for the tourism and hospitality sector […]