UK Corporation tax cut to 19%: the lowest rate out of all G20 member states

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From April 1st this year, the corporation tax rate in the UK has been cut from 20% to 19% for the fiscal year 2017-2018, with plans to reduce it further to 17% in April 2020, which was announced as part of the UKs spring Budget 2017. The idea behind the cut is to give continued support to investment ventures, economic growth and job creation with the UK currently having the lowest corporation tax out of all G20 member states, which is a huge benefit to over one million companies nationwide.