Q. Maintaining the UK’s tax competitive standing is clearly still a priority for the government. You’ve legislated for a further reduction in the headline corporation tax rate. Do you see rates going down even further?
We are committed to creating the right conditions for businesses to invest and grow in the UK. Our reduction of the headline corporation tax rate allows the UK to be globally competitive and sends out the message that Britain is very much open for business.
The government has committed to bringing corporation tax down to 18% by 2020 which is an extremely competitive rate. In terms of future changes to the rate we keep the tax system constantly under review.
Q. The headline rate is important but so too is the effective rate of CT. Is there a case for increases in capital allowances for instance?...
.tmb-editorspic.jpg?sfvrsn=df04ab27_1)
