SITUATION REPORT

U.K.: Government Raises Taxes to Fund COVID-19 Relief Measures

MIN READMar 3, 2021 | 16:36 GMT

The United Kingdom’s corporate tax rate will increase from 19 percent to 25 percent for companies with profits above £250,000 from April 2023, and will also freeze personal income tax thresholds until 2026, The Guardian reported March 3, citing a statement made by U.K. treasury chief Rishi Sunak. ...

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