Budget 2012

[Scrag Meister]

13:10 The headline rate of corporation tax will be cut to 22pc by 2014. This is 18pc lower than US, 12pc below France and 8pc below Germany, says Mr Osborne.

Never realised CT was so much higher elsewhere, do they have lower taxes elsewhere?

[LisaContractorUmbrella]

To the person asking about whether they would retrospectively apply tax on stamp duty avoidance through use of a company - yep they will - Mr Osborne stated "you have been warned"

[Jog On]

Maybe making it like self employed but with ltd company protection? Allowances still permitted.

So it wipes out IR35? Just fill in a SA like form and pay tax.

If so a very sensible move.

maybe he's singling out the "small companies" that aren't looking to grow and incentivising start up businesses and penalising 1 man band businesses?

Being taxed on turnover instead of gross profit quite harsh..

[AtW]

Never realised CT was so much higher elsewhere, do they have lower taxes elsewhere?

12.5% in Ireland, maybe Chancellor should have mentioned that his rate will still be almost double of next door English speaking country.

[AtW]

To the person asking about whether they would retrospectively apply tax on stamp duty avoidance through use of a company - yep they will - Mr Osborne stated "you have been warned"

Looks like companies that bought property to dodge stamp duty will really get hammered, quite rightly so.

[Lockhouse]

Looks like companies that bought property to dodge stamp duty will really get hammered, quite rightly so.

But retrospectively? That's never right.

[MrRobin]

12.5% in Ireland, maybe Chancellor should have mentioned that his rate will still be almost double of next door English speaking country.

If Irish corp tax rates are so attractive, and it is so paramount, why doesn't every company in the world operate out of Ireland??

[AtW]

Never realised CT was so much higher elsewhere, do they have lower taxes elsewhere?

0% in Isle of Man.

[russell]

Maybe making it like self employed but with ltd company protection? Allowances still permitted.

So it wipes out IR35? Just fill in a SA like form and pay tax.

If so a very sensible move.

Hoe does it wipe out IR35, he never mentioned that.

[AtW]

If Irish corp tax rates are so attractive, and it is so paramount, why doesn't every company in the world operate out of Ireland??

Because there are even lower rates elsewhere, but a lot of big US companies setup there - say when you pay Google UK money to advertise they actuall go to Google Ireland, where as in UK Google paid £400k corp tax few years ago, yes that little despite sales of like £2 bln per year.