Reduction in corporation tax rate

The main rate of corporation tax is currently 20% and this rate will continue for the Financial Year beginning on 1 April 2016.

The main rate of corporation tax is currently 20% and this rate will continue for the Financial Year beginning on 1 April 2016. In the following years the rate of tax will fall as follows:

  • 19% for the Financial Years beginning on 1 April 2017, 1 April 2018 and 1 April 2019.
  • 17% for the Financial Year beginning on 1 April 2020.

The 17% rate from April 2020 is a reduction of 1% from the rate previously announced by the Chancellor in his Summer Budget in 2015.

CBI Director-General, Carolyn Fairbairn, said:

'The reduction in the headline Corporation Tax rate sends out a strong signal that the UK is open for global business investment, and reforms to Interest Deductibility are rightly in line with the international consensus.'

As seen in


AA.png TFT.png CNN.png RAC.png ECO.png SU.png EMM.png TCN.png

Awards & Associations Legal GDPR & IT Compliance Website Privacy Policy Copyright Sitemap

© 2019 Fitzgerald & Law. All rights reserved. Incorporated In England and Wales. Company No: OC300023.


We have placed cookies on your device to give you the best experience. Find out more here, including how to change your cookie settings.
If you continue to browse on this site, we’ll assume you’re OK to proceed.