Boris Johnson postpones corporation tax rate cut

Boris Johnson postpones corporation tax rate cut

18 November 2019

Boris Johnson has today announced that the expected fall in the corporation tax rate, from 19% to 17% from 1 April 2020, will be postponed if the Conservatives win the election.

In deferred tax calculations, the 17% tax rate should continue to be used until such a time that this change in policy has been substantially enacted into law.

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