Nearly one in three employers pessimistic about corporate tax increase Labour
Nearly one in three employers are pessimistic that Labour will raise corporation tax.
A survey of business leaders found that 29 percent think corporate tax increases are most likely over the next five years.
Keir Starmer’s government has pushed to cap the rate for the duration of this parliamentary term.
But a survey of 500 directors by consultancy firm BDO showed that people are reluctant to make this promise.
The nominal corporate tax rate was increased to 25 percent in April 2023.
Pessimistic: In a survey of business leaders, 29 percent said they believed corporate tax increases were most likely over the next five years
And 27 percent expect energy profits and levies on electricity generators to increase.
The previous government imposed a tax on the profits of British energy companies after Russia’s invasion of Ukraine sent oil and gas prices soaring.
DIY INVESTMENT PLATFORMS
AJ-Bel
AJ-Bel
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free Fund Trading and Investment Ideas
interactive investor
interactive investor
Fixed investment costs from £4.99 per month
Saxo
Saxo
Get £200 back on trading fees
Trading 212
Trading 212
Free trading and no account fees
Affiliate links: If you purchase a product, This is Money may earn a commission. These deals are chosen by our editorial team because we think they are worth highlighting. This does not affect our editorial independence.