HMRC umbrella company ‘checking tool’ looms for workers
Umbrella company consultation response and guidance due from HMRC, as more details come out on Tax Administration and...
READ MOREApril 1 business tax changes: corporation tax rate remains 19%
HMRC has updated its guidance confirming that the government has shelved its original plans to lower corporation tax, with the main rate (for all profits except ring fence profits) for the years starting 1 April 2020 and 2021 remain at 19%, as announced at Budget 2020.
Under the previous government, there were plans to cut corporation tax by 2% from April 2020, bringing the rate down to 17%, but this was ruled out as soon as the Conservatives came to power last December with a large majority.
Read more at Accountancy Age.
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