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Corporation Tax - Planning Tips

December 6, 2019

Corporation Tax has certainly been making the headlines recently, with Boris Johnson announcing that, if re-elected, the planned 2% cut in the
Corporation Tax rate would not now go ahead in April 2020, which is anticipated to save the Treasury £6bn in 2020/21.
Around two million trading companies in the UK will be familiar with paying Corporation Tax at the current rate of 19% on any company profits.
Directors of those companies also know how that percentage can eat into those profits when the time comes to extract them.

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