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Corporation Tax

Question for Treasury

UIN 284389, tabled on 2 September 2019

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