Corporation Tax

Treasury written question – answered on 3rd June 2010.

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Photo of Fiona Bruce Fiona Bruce Conservative, Congleton

To ask the Chancellor of the Exchequer if he will discuss with Ministerial colleagues steps to ensure that the application of the small company tax rate does not disadvantage individuals who operate more than one small company; and if he will make a statement.

Photo of David Gauke David Gauke The Exchequer Secretary

The Government recognise the essential role of small businesses in the economy. They have set out their intention to reform the corporate tax system and create the most competitive tax regime in the G20.

The associated company rules are an important element of that regime and provide protection for the Exchequer. The Government keep all taxes under review to ensure they are as fair and simple as possible.

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