LATEST - Corporation tax set to increase

PM Liz Truss has announced another U-turn in her government's tax-cut plan, in an effort to reassure financial markets.

She has announced a reversal of her plan to scrap the increase in corporation tax; which is now due to increase from 19% to 25% from April 2023.

For advice and expertise across all areas of Taxation, contact any member of GMcG's Tax Team: