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The budget of Great Britain is presented 08/07/10 | | The budget provides a gradual reduction of a corporation tax rate. Within four years, starting with 2011, the rate will decrease from 28 % to 24 % – for 1 % annually. The rate of the capital gains tax increases from 18 % to 28 %. The VAT rate will increase from 17,5 % to 20 %. The taxable base remains former: there are no changes introduced to the list of preferential commodity classes. There is the new tax to banks imposed in Great Britain since January, 2011. It must be paid by both the British financial organisations, and foreign banks which do business on territory of the country. | | |
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Other jurisdictions |
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