Tag Archive: Disincorporation relief

  1. 2013 Budget: Implications for Business Owners

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    This post outlines the latest implications for business owners as highlighted in yesterday’s budget.

    Corporation tax (CT)

    The small profits rate of CT will remain at 20% from April 2013. From April 2015 the main rate and small profits rate of CT will be unified at 20%. The main rate will fall from 24% to 23% in April 2013 and to 21% in April 2014. The rate of bank levy will increase to 0.142% from 1 January 2014 to offset the main rate reduction.

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