Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Budget 2014: corporation tax to fall to 20%

Budget 2014: corporation tax to fall to 20%

The coalition has cut corporation tax from 23% to 21% with the rate falling to 20% by 2015.   

The move, which provides tax relief for companies whose profits are higher than £1.5 million, aims to incentivise overseas investors to come to the UK, and create jobs.

'When we came to power this was one of the least competitive regimes in the world, now it is one of the most competitive,' Osborne said, noting that corporation tax was 28% when the coalition came to power.

High street businesses will receive £1,000 tax relief, while business rates will be discounted for the next three years.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Citywire 10k: video highlights

Citywire 10k: video highlights

Citywire held its sixth annual charity run last week, which hosted over 200 people and raised £14,000. Here are the video highlights.

1 Comment Play On the Road... in the South West

On the Road... in the South West

The On the Road team travelled to the corners of Devon and Cornwall to find out more about the wealth management scene in South West England, writes Ted Monroe.

Play BlackRock's Whitestone: why shorting pubs paid off

BlackRock's Whitestone: why shorting pubs paid off

Dan Whitestone, who manages the BlackRock Throgmorton Trust alongside Mike Prentis has benefited from shorting pubs.

Your Business: Cover Star Club

Profile: how to control your destiny in an age of regulation

Profile: how to control your destiny in an age of regulation

‘RDR was good news to us because it aligned our practices with the industry,’ says Courtiers boss Jamie Shepperd

Wealth Manager on Twitter