Clause 25 - Charge and main rate for financial year 2005
Finance Bill
10:15 am
Mr Howard Flight (Shadow Chief Secretary To the Treasury, Economic Affairs; Arundel and South Downs, Conservative)
A year ago, the main corporation rate for this year was set at 30 per cent. As I understand it, corporation tax bands are not changed, which in a sense means that the value is eroded with inflation. Does the Minister know whether the Government intend not to make any changes to corporation tax bands in future?