To ask the Chancellor of the Exchequer, whether he has any plans to reduce corporation tax.
Answered on
9 September 2019
Since 2010 the Government has successively reduced the UK Corporation Tax rate to support businesses both large and small. Now at 19% the UK Corporation Tax is currently the lowest in the G20. In April 2020 the Government will reduce the UK Corporation tax rate further to 17%.
Answered by
Treasury