CHANCELLOR Philip Hammond has indicated that he will scrap predecessor George Osborne’s pledge to cut corporation tax to below 15%, according to reports.
Hammond has told EU finance ministers that the government intends to stick to a plan to cut the rate to 17pc by April 2020, from its current level of 20%, people with knowledge of the talks told Bloomberg.
The tax cut was proposed by Osborne as way to boost the economy in the days following the UK’s decision to leave the EU.
Ahead of his first major speech as Chancellor at the Conservative Party Conference, Phillip Hammond is being urged to overhaul the way tax policy is made in the UK.
Tax breaks are a very enticing incentive for developing and managing a green management strategy, writes Graham Jarvis
Large businesses are increasingly ‘low risk’ when it comes to tax planning, says Pinsent Masons, the international law firm
The European Commission has ordered Apple to pay a record €13bn (£11bn) in back taxes after it ruled the Silicon Valley tech giant’s Irish tax scheme was illegal.