Standard Life comments on Corporation Tax change announced in the Budget

Edited by the Insidemoneytalk editorial team Mar 22, 2007

In today's budget The Chancellor announced a reduction in Corporation Tax rates from 30% to 28% from 1 April 2008 together with a package of other measures affecting companies.

Simon Burke, Group Tax Director, Standard Life plc commented "Standard Life welcomes the proposed reforms".

"The reduction in corporation tax rate together with the other measures and the review of the taxation of overseas profits is a welcome recognition of the need for the UK's tax system to be competitive with overseas jurisdictions.".