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UK Parliament · Bill
Corporation Tax Act
Summary
The Corporation Tax Act sets the rules for how much tax companies must pay on the money they make as profit. It decides the tax rates, what counts as taxable profit, and how businesses calculate what they owe to the government.
A vote to support means
- —Supporting this Act means backing rules that make companies pay tax on their profits in the UK. Supporters believe this is fair because it ensures businesses contribute to funding public services like schools and hospitals, rather than avoiding taxes.
A vote to oppose means
- —Critics worry the Act might make UK companies less competitive globally or encourage them to move abroad where taxes are lower. Some also argue it could reduce business investment and job creation if companies have less money to spend on growth.
Cast Your Vote
People's Vote0 votes
0% Support · 00% Oppose · 0
Bill Passage
Commons
- 1st reading4 Dec 2008
- 2nd reading19 Jan 2009
- Committee stage27 Jan 2009
- 3rd reading3 Mar 2009
Lords
- 1st reading4 Mar 2009
- 2nd reading25 Mar 2009
- 3rd reading25 Mar 2009
Royal Assent26 Mar 2009
Full Bill Description(click to expand)
No description available