As Conservative leadership candidates launch their campaigns, we’ve taken a look at a handful of early claims. 🔵 Penny Mordaunt on fuel VAT 🔵 Jeremy Hunt on corporation tax 🔵 Rishi Sunak on National Insurance
that the UK is scheduled to have higher corporation tax than four other countries in the G7—Japan, the United States, France and Germany. , the main rate of corporation tax was set at 19% for 2022, rising to 25% of profits over £250,000 in 2023. : “Even after this change, the United Kingdom will still have the lowest corporation tax rate in the G7.”
The OECD splits corporation tax for each country into two categories—central government and sub-central government .
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