Lower Taxes on Small Businesses

End quarterly tax reporting

Help against Late Payers

SMALL BUSINESS CORPORATION TAX

• Lower to 10 per cent, small profits rate of corporation tax to protect small businesses with annual profits up to £250,000. 

 

(BACKGROUND - Reform intends with 2025 election manifesto to lower all corporation tax to 15 per cent, however wealthy the company, so increased that to 30 per cent to offset this lower rate)

• If started, end quarterly tax reporting for small businesses. 

• Help small businesses on the issue of late payments.