Budget analysis: Corporate (UK)

Bill Dodwell

We have seen ‘return’ signals from some companies that left the UK and other groups are looking at relocating, says Bill Dodwell.

There’s a pretty clear message to business from Budget 2012 – and indeed the Coalition government’s previous two Budgets: the government really is focused on making the UK the best place in the G20 to do business.

The surprise cut in corporation tax – which drops to 24% from 1 April 2012 – is the latest signal. The Chancellor also mentioned his ambition to introduce a 20% mainstream corporation tax rate– unifying both corporate rates and the basic rate of income tax.

Cutting the main corporate rate by 1% costs about £800m – which should be seen in the context of overall corporation tax of £45bn pa. When we get to the...

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We have seen ‘return’ signals from some companies that left the UK and other groups are looking at relocating, says Bill Dodwell.

Cutting the main corporate rate by 1% costs about £800m – which should be seen in the context of overall corporation tax of £45bn pa. When we get to the...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes: