Tag Archives: Corporation tax

Corporation tax reform

Mark Joscelyne, Tax Partner, Olswang | Published: March 23, 2011
Whilst it will be the unexpected 2% cut in the main rate of corporation tax which will no doubt feature in the headlines, the radical reform of the tax treatment of foreign profits is perhaps more significant to the international tax competiveness of the UK.  The Chancellor was reportedly hoping to announce that at least [...]
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Supporting innovation – next Patent Box consultation May 2011

Natasha Kaye, Tax Partner, Olswang | Published: March 23, 2011
As part of its programme to deliver a more competitive corporate tax regime and to support innovation in the UK, the Government has confirmed its previously stated intention to introduce the Patent Box, which is a 10% corporation tax regime for net profits derived from patents and patented products.   The regime is still intended to come into [...]
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Corporation tax rate 26% from April 2011

Natasha Kaye, Tax Partner, Olswang | Published: March 23, 2011
As part of a number of measures intended to improve the competitiveness of the UK for multi-national companies, the Chancellor has announced that the corporation tax rate will be reduced by 2%, rather than 1% from April 2011.  It will continue to decrease by 1% for the following three years until it reaches 23%. A number [...]
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