ณษศหำฐา๔

Tax News

PM confirms corporation tax will increase to 25% from April 2023

Published on: 14 October 2022
Published by a

Specialist Tax Regulatory Materials

Article summary

In a reversal of policy, Prime Minister Liz Truss has announced that the main rate of corporation tax will increase to 25% from 1 April 2023.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Popular Articles

Residential property and capital allowances

Residential property and capital allowancesResidential property โ€• plant and machinery allowancesOrdinary residential property does not, and never has, qualified for capital allowances. as CAA 2001, s 35 denies plant allowances for expenditure incurred in providing plant or machinery for use in a

14 Jul 2020 17:14 | Produced by Tolley in association with Martin Wilson and Steven Bone Read more Read more

Reverse charge โ€• buying in services from outside the UK

Reverse charge โ€• buying in services from outside the UKThis guidance note covers the reverse charge that applies to services that have been bought in from outside the UK. For an overview of VAT and international services more broadly, see the International services โ€• overview guidance note. For

15 Dec 2020 14:02 | Produced by Tolley Read more Read more

Indexation allowance and rebasing

Indexation allowance and rebasingThis guidance note explains the general rules surrounding the availability of indexation allowance (which was frozen at December 2017) on the disposal of company assets and provides information on the rebasing rules for assets held on 31 March 1982. For an overview

14 Jul 2020 11:59 | Produced by Tolley in association with Jackie Barker of Wells Associates Read more Read more