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UK corporation tax to fall to 20% in 2015

22 March 2013   (0 Comments)
Posted by: SAIT Technical
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By Reuters

Britain will cut the main rate of corporation tax to 20% from April 2015 to try to boost investment and create jobs, finance minister George Osborne said on Wednesday.

"Britain will have a 20% rate of corporation tax - the lowest business tax of any major economy in the world," he told parliament in his budget statement. "That's a tax cut for jobs and growth."

Corporation tax is already due to fall to 21% in 2014


Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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