Press RoomSpecialist Tax News

Business tax reductions

Big news here, with a flat corporation tax rate announced of 20% from April 2015 whatever your level of profits.

The employer national insurance contributions of 13.8% will enjoy an exemption of £2,000 per annum from the 1st April 2014 whatever the size of business. This is clearly aimed at small businesses to encourage recruitment.

These measures make the UK very competitive for business, and gives all businesses the opportunity to enjoy lower taxes on profits retained in the company and also where paid out.

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