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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.
07 May 2024
HMRC's pilot scheme for Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is now live.
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