Lower Taxes on Small Businesses
End quarterly tax reporting
Help against Late Payers
SMALL BUSINESS CORPORATION TAX
- Lower to 17 per cent, small profits rate of corporation tax to protect small businesses with annual profits up to £250,000.
(BACKGROUND - The Tories had intended in 2016 budget to lower corporation tax to 17 per cent in 2020)
- If started, end quarterly tax reporting for small businesses.
- Help small businesses on the issue of late payments.