Corporate taxes rise by 19% for UK firms

Corporate taxes rise by 19% for UK firms

A survey of the FD’s of Britain’s largest companies by PWC has highlighted that despite reductions in Corporation Tax of 17% since 2005, other business taxes such as VAT, NI and property rates, have risen by 58%. In 2012, for every £1 paid in corporation tax, another £2 was paid in other business taxes [2005: £1].

The report concluded: “Despite Government attempts to simplify the tax system, the perception is that new legislation continues to be lengthy and complex.

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