The main rate of corporation tax is to be reduced from 28% to 26% from 1 April 2011, with a further 1% reduction to follow in each of the subsequent three financial years. As already announced, the small profits rate of corporation tax will be reduced from 21% to 20% from 1 April 2011. In another helpful move, companies will not be treated as associated solely by virtue of relationships between shareholders and relatives. Reduction in fuel duty The-immediate reduction of lppl in the rate of fuel duty, and the deferral of further increases, will provide some welcome relief to those in the transport and haulage industry. A further piece of good news is that VED for HGVs is to be frozen for 2011/12.
展开▼
