On 5 December 2005, the Pre-Budget Report for 2006-07 was presented to Parliament by the Chancellor of the Exchequer. Unless otherwise stated, the proposals are expected to take effect from 1 April 2006 for companies The most important company law proposals include:
| - | replacing the 0% and non-corporate distribution rates of corporation tax for small companies with a single band rate of 19%; | |
| - | …