Moore Stephens

Moore Stephens calls for a UK corporation tax discount for SMEs

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Source: accountancy 9 January 2018

Research by Moore Stephens shows that businesses with turnover greater than £1bn are paying a 20.1% effective rate of corporation tax compared to SME’s 21.7%.

Moore Stephens has urged the government to consider reintroducing the corporation tax discount of 25% on the full rate that SMEs recently enjoyed.

Mike Cooper, a partner at Moore Stephens, said that “A corporation tax discount for the SME sector would be timely to further encourage the dynamic enterprise culture the UK aspires to and support the much needed drive for growth.

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