Corporation Tax to Rise to 25% but Small Firms Spared
Anyone else seeing that headline may be forgiven for thinking "Phew, dodged a bullet there"....
... but read the small print: "small businesses with profits of £50,000 or less will continue to be taxed at 19 per cent."
WTF is their idea of a small business??
Still, with the IR35 changes we'll be lucky to get anywhere near £50k profit
Anyone else seeing that headline may be forgiven for thinking "Phew, dodged a bullet there"....
... but read the small print: "small businesses with profits of £50,000 or less will continue to be taxed at 19 per cent."
WTF is their idea of a small business??
Still, with the IR35 changes we'll be lucky to get anywhere near £50k profit
Comment