The United Kingdom's Budget 2014 was released on March 19th 2014. The budget provides an overview of the state of the UK's economy, the nation's finances, and proposed changes in taxation. The following outlines the main changes concerning tax rates, allowances, and other tax related legislation that will be included in the Finance Bill 2014, which will be published March 27th 2014.
Corporation tax rates
- The Main corporate tax rate will be reduced to 21% from 23% beginning April 1st 2014 and …