News


Back to Latest News Headlines

Darling to stay "competitive" on corporation tax


Date: 8th February 2008

Alistair Darling has said that the Treasury will continue to consider lowering the rate of corporation tax in the UK.

The chancellor told business figures at the biennial dinner of manufacturers' organisation EEF this week that his aim is to keep the country's level of corporation tax below that of other industrialised nations, Thomson Financial reports.

He explained: "This goal is, and will continue to be, to maintain the most competitive corporation tax rate of any major economy.

"I will continue to assess the case for further reductions in the corporation tax rate, consistent with our objective to maintain sound public finance."

Mr Darling also stated that the British business community has "good reasons to be confident", despite the current uncertainty of global financial markets.

The former transport secretary is set to deliver his first Budget as chancellor on Wednesday March 12th.

ADNFCR-1448-ID-18460595-ADNFCR



Related Articles

4th February 2008 - Budget date announced
31st January 2008 - HMRC 'used 150 inspectors for single company'


Questions & Answers

Do I need a PAYE scheme?

Q: I have recently set up a limited company but as I have paid tax in this tax year my accountant has suggested not to take any salary until April 2008. As I am not paying any wages do I still need to set a up payroll scheme for the company now?

The answer can be found in our Questions and Answers section.

Self Assessment Tax Return Help...

Tax Return Help Worried about completing your tax return?

Let TaxAssist Accountants take this hassle away by completing it for you.

For more information on filling out Tax Returns please click here.


 

Call TaxAssist Accountants on 0800 0523 555   0800 0523 555
Call TaxAssist Accountants on 0800 0523 555

News for small business


Feel free to join our newsletter and receive tax news every month suitable for small businesses.

View the Latest Newsletter

Services

> Accounts Production
> Business Start-ups
> Tax Savings
> Tax Returns
> Payroll (PAYE)
> Bookkeeping
> VAT
> Cashflow Projections
> Capital Gains Tax
> Property Tax
> Corporation Tax
> Limited Companies

Local Accountant

We provide a range of accountancy services to around 25,000 clients in the UK and with over 160 offices we will be local to you.

Please contact us today to enquire about our services.