Corporation tax cut to 18%

Pound_sterlingTHUMB.jpegBUDGET 2015: The government has announced plans to continue its cuts in the rate of corporation tax to be levied over the next few years.

Chancellor George Osborne said the rate of corporation tax would be cut to 19% by 2017 and to 18% by 2020.

He said the measure was designed to give businesses the confidence to invest.

“We are sending a message loud and clear around the world that Britain is open for business,” he said.

jack.sidders@estatesgazette.com