Wednesday, March 20 14:07:12
Britain will cut the main rate of corporation tax to 20pc from April 2015 to try to boost investment and create jobs, finance minister George Osborne said today.
"Britain will have a 20 per cent rate of corporation tax - the lowest business tax of any major economy in the world," he told parliament in his budget statement. "That's a tax cut for jobs and growth."
Corporation tax is already due to fall to 21pc in 2014.