The UK Chancellor of the Exchequer presented his Budget to the UK Parliament on Wed 21.3.2012. Key tax measures announced included:
- Reducing the top rate of income tax from 50% to 45% in April 2013.
- Reducing the main rate of corporation tax by an additional 1%, so that the rate will reduce from 26% to 24% in April 2012, to 23% in April 2013 and will come down to 22% by April 2014.
Details are on the HM Treasury website.
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