Corporation Tax: Tax Rates and Bands

(asked on 25th February 2021) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what assessment they have made of the impact of 10 years' of reduction in the corporation tax rate on (1) economic growth, (2) productivity, (3) innovation, and (4) employment.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 9th March 2021

The economic impacts of reductions in the rate of Corporation Tax since 2010 have been reflected in the OBR’s forecasts, and detailed in the OBR’s published Economic and Fiscal Outlooks as the rate had been reduced.

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