Corporation Tax

(asked on 19th December 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will publish the estimate of the cost to the public purse, including money spent IT systems and staff, of the decision to cancel the freeze in the rate of Corporation Tax announced on 23 September 2022 and to increase the rate to 25 per cent.


Answered by
Victoria Atkins Portrait
Victoria Atkins
Secretary of State for Health and Social Care
This question was answered on 9th January 2023
Estimates of the IT and administrative costs associated with the increase in the rate of Corporation Tax were set out in the tax information impact note (TIIN) published at Spring Budget 2021 when the rate increase was announced.
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