Summary
THOUSANDS of industrial and manufacturing companies will be worse off following the budget changes, despite a cut in the headline rate of corporation tax.
Reducing the main rate of business tax from 30pc to 28pc will cost the government nearly Pounds 3.8bn over the next three years.See the full content of this document
Extract
The Burden's No Lighter for Firms
However, it is recouping all of this by cutting tax allowances on plant and machinery from 25pc to 20pc. And corporation tax for small businesses is rising from 19pc to 22pc.
H...See the full content of this document
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