Corporation tax to rise to 25% Rishi Sunak reveals Budget sting for business

crisis batters the country's finances, Government borrowing for this financial year so far has ballooned to an eye-watering £270.6 billion, £222 billion more than the same period a year ago.It has also spent tens of billions of pounds guaranteeing loans to businesses as it tries to prop up the struggling economy.THE Budget is when the government outlines its plans for tax hikes, cuts and things like changes to the minimum wage.

The Budget is read out in the House of Commons by the Chancellor of the Exchequer. It will be Rishi Sunak's second Budget as Chancellor.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Budget 2021: Tax on company profits to rise to 25%'In 2023 the rate of corporation tax, paid on company profits, will increase to 25%' Chancellor Rishi Sunak says it is 'fair and necessary' for business to contribute to the economic recovery Budget2021 BBCPolitics This is ToryMaths to help their mates avoid tax! FFS what's the point in waiting 2 years? Companies that have profited from the COVID crisis should be taxed now! CorporationTax Budget ToryCorruption ToryCronyism bbcnews skynews C4News BBCPolitics I thought we were going for Singapore on Thames and to be ultra competitive in the world market post Brexit
Source: BBCNews - 🏆 3. / 97 Read more »