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Farrell & Farrell

Oct 14, 20221 min read

UK: Government U-turn on Corporation tax

In response to the market turmoil since the announcement of the Mini-Budget, the Prime Minister Liz Truss has sacked the Chancellor Kwasi Kwarteng and also announced today that the planned rise in Corporation tax to 25% from April 2023 (which was scrapped as part of the Mini-Budget) will now go ahead as previously planned.

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