Policy paper

Corporation Tax: main rate

This tax information and impact note applies to incorporated businesses which pay Corporation Tax at the main rate.

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Details

This measure sets the Corporation Tax main rate for each year from the financial year beginning 1 April 2017 to the financial year beginning 1 April 2020, reducing the Corporation Tax main rate by 2% by 2020.

The Corporation Tax main rate for 1 April 2016 is set at 20%. The rate for 1 April 2017 is 19% and sets it at this rate for 1 April 2018 and 1 April 2019. The rate for 1 April 2020 is set at 18%.

Published 8 July 2015