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The prime minister has reversed the government’s plans to freeze corporation tax at 19% and instead increased it to 25% from April 2023
The prime minister has reversed the government’s plans to freeze corporation tax at 19% and instead increased it to 25% from April 2023.
"This will raise £18bn per year. It will act as a down payment on our medium-term fiscal plan, which will be accompanied by a forecast from the independent Office of Budget Responsibility," said Truss.
Also, Kwasi Kwarteng has been replaced as Chancellor by Jeremy Hunt.
06 Jul 2026
More than 110,000 unrepresented taxpayers who must register for Making Tax Digital (MTD) from April 2026 have still not done so, according to the Low Incomes Tax Reform Group (LITRG).
Government plans to extend the rules requiring some taxpayers to declare 'uncertain' tax positions risk creating more uncertainty, compliance burdens and tax disputes according to the CIOT.
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