The Sunday Times: UK’s Sunak to raise business tax to pay for Covid-19 support | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 86%

Business News News

Business Business Latest News,Business Business Headlines

LONDON, Feb 21 — British finance minister Rishi Sunak is set to increase a tax on business to pay for an extension to COvid-19 support schemes in the budget next month, The Sunday Times reported. Sunak, in his speech on March 3, will announce he is increasing corporation tax from 19 pence in the...

Sunday, 21 Feb 2021 03:09 PM MYT

According to the report, at least 1 pence is set to be added to the bill for business from this autumn, at a cost to business of £3 billion, with further rises in subsequent years.These measures will be helpful in paying for an extension to the furlough scheme, VAT cuts and business support loans until at least August.

“The corporation tax hike will be higher than expected and the extension of the support schemes will be longer than most people expect,” the newspaper quoted a source as saying.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What half dead business?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines