uk iconUK

Labour to raise corporation tax to 26%

Labour plans to overhaul tax rates for the wealthiest, increase corporation tax to 26% by 2022 and overhaul the £200bn corporate tax reliefs regime if they win the election.

Labour to raise corporation tax to 26%
smsfadviser logo

On corporation tax, the rate will go up 7% within three years to 26%, with the first 2% rise set for April 2020 when a 21% CT rate would start.

Read more at the Accountancy Daily

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox