Increase in corporation tax expected

The chancellor is expected to announce a rise in corporation tax from 19% to 23% at the next budget.

Clearly the government has to raise money to pay for the furlough scheme, but is this the right way to do it?

SME companies have been going through a tricky time as it is already, and now profits will be squeezed further going forward.

If you want to discuss how this will impact your business, give us a call on 0203 151 2354.

AllianceCA – keeping the taxman away