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Insight

Corporation tax rate cut

The Chancellor has announced a further reduction in the mainstream corporation tax rate - it will go down to 20% from April 2015.No doubt this is good news for businesses paying corporation tax at The Chancellor has announced a further reduction in the mainstream corporation tax rate - it will go down to 20% from April 2015.

No doubt this is good news for businesses paying corporation tax at the headline rate. Smaller companies may not thank the Chancellor for being put on an equal footing with their larger counterparts.

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