Rishi Sunak leaked Corporation Tax Increase! UK Covid Consequences!

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Corporation Tax Increase to cover the Covid Relief by Rishi Sunak.

Recently leaked from Downing Street is the news that corporation tax is set to increase this autumn from its current rate of 19% to a minimum of 20% and likely to 23% by the next general election.
The is likely to be the start of a series of tax increases aimed at repaying the £300bn of government funds spent in the Covid-19 crisis.
Other news includes the further extension of the government support schemes and rumours of the stamp duty land tax holiday being extended.

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