author_orbitax
Orbitax

Share This Article

Budget for 2013-14: measures to be included in Finance Bill 2013 – business and property taxation

06 May 2013

|

Proposed Changes

|

United Kingdom

Finance Bill 2013 will be published on 28 March 2013. Set out below are some of the main tax measures relating to business and property taxation. Unless specified otherwise, the measures take effect from April 2013: Business taxation -   the "small profits rate" of corporation tax will be 20%; -   for financial year 2014, the main rate of corporation tax will be 21%; -   for financial year 2015, the main rate of corporation tax will be 20%; -   with effect from April 2014, all businesses and charities will be entitled to an allowance of GBP 2,000,...