In an interview with Andrew Marr on BBC 1 on Sunday 28 February, George Osborne committed to more Corporation tax cuts than ever before.
During the course of the interview, Mr Osborne, the shadow Chancellor, promised that an incoming Conservative Government would cut the small company rate of corporation tax to 20% (a commitment previously made by the party leader David Cameron) but went further to promise that if elected, the party would also reduce the main rate of corporation tax to 25% in an emergency Budget to be delivered in June 2010.
Mr Osborne stated that the reductions in the rate of corporation tax would be paid for by the “abolition of some complex reliefs”, however, he went a little further and stated that an investment relief predominantly available to small busines...
About Rebecca Benneyworth
Rebecca trained in London with Kidsons and, on qualifying, spent some time as Chief Accountant of a manufacturing company. She now has her own small practice in Gloucestershire that comprises of owner managed businesses and small companies.
She also lectures extensively for a range of professional bodies, accountancy firms, commercial organisations and the Inland Revenue. Demand has grown for Rebecca on the lecture circuit where she is well known for her refreshing, enthusiastic and entertaining presentation style as well as having a practical and down-to-earth approach to tax.