News

Budget 2012: Income tax and corporation tax changes

  • March 21, 2012
  • By Hunters Law

In a widely anticipated move, George Osborne has announced a cut in the top rate of income tax.

The reduction to 45% will take effect from 6th April 2013, and will be coupled with an increase in the personal allowance to £9,205 and a drop in the basic rate limit to £32,245.

In addition, legislation will be introduced to reduce corporation tax to 23% from 1st April 2013, followed by a further 1% drop with effect from 1st April 2014.

Related News

Mar 17, 2021
Stephen Morrall comments on Uber drivers entitled to minimum wage, holiday pay and pension following the Supreme Court decision in The Sunday Times Driving, The Times and the Daily Mail
Feb 19, 2021
Stephen Morrall comments on Uber losing a landmark Supreme Court battle in the Evening Standard and the Financial Times
Feb 12, 2021
Richard Baxter and Hannah Solel examine data protection post-Brexit in Information Security Buzz
Feb 05, 2021
Budget 2021 – Still time to prepare for any changes to Business Asset Disposal Relief
Jan 13, 2021
Stephen Morrall and Hannah Solel discuss the gig economy in 2021 in Employee Benefits
Jan 11, 2021
Richard Baxter and Hannah Solel provide a legal update on data protection in 2021
Jan 06, 2021
Stephen Morrall comments on unfair dismissal in Real Business
Dec 14, 2020
Hunters strengthens its Business team with new arrival
Jun 25, 2020
Stephen Morrall and Philippa Kum discuss witnessing a deed remotely
Jun 01, 2020
Amanda Lathia examines the legal challenges of returning to work during the post-COVID-19 lockdown in WealthBriefing

© Hunters Law LLP 2021 | Privacy NoticeLegal & Regulatory | Cookies Policy | Complaints Procedure.

Hunters Law LLP is authorised and regulated by the Solicitors Regulation Authority (number 657218)