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United Kingdom · Question · Written question

UIN 42273

Corporation Tax

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

21 July 2022

Last action

14 September 2022 · Answer

Status

Answered

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Discovery layer

Source updated

14 September 2022

Summary

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential impact on the UK economy of (a) cancelling his planned corporation tax rise from 19% to 25% and (b) reducing that rate to 15%.

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Timeline

  1. 21 July 2022

    Written question

    To ask the Chancellor of the Exchequer, if he will make an assessment of the potential impact on the UK economy of (a) cancelling his planned corporation tax rise from 19% to 25% and (b) reducing that rate to 15%.

    Source: Commons

  2. 14 September 2022

    Answer

    The UK’s main rate of Corporation Tax is currently legislated to increase from 19 per cent to 25 per cent from April 2023. The Prime Minister has committed to cancel this rate increase. The Chancellor will set out any plans on tax and implementation in du...

    Source: Written answer

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