questionText: To ask the Chancellor of the Exchequer, whether she has had discussions with stakeholders on the potential merits of implementing thresholds for corporation tax as per personal taxation.
answerText: Companies already pay Corporation Tax in line with their profitability. The main rate of 25 per cent – which is the lowest in the G7 – applies to profits over £250,000. The small profits rate of 19 per cent applies to profits under £50,000. Marginal relie...
heading: Corporation Tax: Tax Rates and Bands