Sentence examples for main rate of from inspiring English sources
Ireland's main rate of corporation tax is 12.5%.
But no Labour government has ever hiked up the main rate of VAT.
The main rate of VAT, a consumption tax, went up from 17.5% to 20% on January 4th.
* The main rate of corporation tax is to be cut by 1% to 21% in April 2014.
The main rate of company tax will be cut by an additional one percentage point, to 21%, in 2014.
He said: "The chancellor is absolutely right to reduce the main rate of corporation tax – 20% will put us out ahead of most of the OECD.
It included a flamboyant 2p cut in the main rates of income and corporation tax.
Among the G7, only Japan and the UK have reduced their main rates of corporation tax since 2013: Japan by almost five percentage points and the UK by three percentage points.
The parties are even promising not to raise the main rates of any of the three taxes - income tax, VAT and national insurance - that account for two-thirds of all revenueInstead, the parties are relying on what he rightly calls "made-up" numbers on tax avoidance, unspecified cuts to welfare, efficiency savings and the rest.
If a new government opts for tax increases, as is likely given the borrowing forecasts, the IFS says a penny on the main rates of income tax could raise £5bn "mostly from the better-off".
Each has raised its main rate by a quarter of a percentage point in recent months, reflecting the relatively robust recovery that those countries have enjoyed this year.
