UK to Raise Corporate Tax in 2023 to 25%

The UK Government has unveiled a ‘spend now, tax later’ budget, which would see the biggest tax increases in decades to pay off the pandemic costs.

The UK corporate tax rate will rise from 19 per cent to 25 per cent in one jump in 2023.

UK Budget 2021 documents

Budget 2021

Budget speech 2021

Impact on households distributional analysis to accompany Budget 2021

Budget 2021: Policy Costings

Tax-related documents

Office for Budget Responsibility’s economic and fiscal outlook