4.06.2021. Biggest tax reforms in a century

Company News

Britain and the rest of the world’s largest nations are on the verge of agreeing to the biggest global tax reforms for a century.
An agreement from the G7 group of nations – which also includes the US, Japan and Germany – could be reached when finance ministers meet in London.
The rate of corporation tax in the UK is 19% but this is set to rise to 25% by 2023. The countries are also expected to agree to keep business tax rates above 15%.
The deal will force companies to pay tax in the countries where their consumers spend their money, rather than shift them overseas, with some claiming the changes could shift £70bn of tax globally.