United Kingdom · Question · Written question
UIN 167300
Corporation Tax
Original
Introduced
11 March 2021
Last action
16 March 2021 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
16 March 2021
Summary
To ask the Chancellor of the Exchequer, what steps he is taking to prevent larger businesses dividing into several smaller businesses in order to be eligible for the new small profits rate of corporation tax from 2023-24.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
11 March 2021
Written question
To ask the Chancellor of the Exchequer, what steps he is taking to prevent larger businesses dividing into several smaller businesses in order to be eligible for the new small profits rate of corporation tax from 2023-24.
Source: Commons
16 March 2021
Answer
The lower profit limit, below which companies will be eligible for the small profits rate, will be reduced in proportion to the number of associated companies a company has. This is designed to prevent companies with profits over the small profits thresho...
Source: Written answer
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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2021-03-11/167300
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1302000
- uk · wq-1302000 · source updated 16 March 2021