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Finance Act 2011 receives Royal Assent

|Approved Changes|United Kingdom
United Kingdom

The Finance Act 2011 received Royal Assent on 19 July 2011. The main tax provisions of the Act include the following:

-   provisions confirming that, for financial year 2011, the main rate of corporation tax will be reduced to 26%);
-   provision that, for financial year 2012, the main rate of corporation tax will be 25%, and, for ring fence profits…

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