A-level Paper 2, June 2019The National and Global Economy
A-level Paper 2, June 2019, Q4(b)
If a company makes £500 000 pre-tax profit in 2020, calculate how much corporation tax it will pay. Assume that the government cuts the rate of corporation tax as planned.
Short answerCalculate2 marks
Context
The UK Government is planning to cut the rate of corporation tax on all pre-tax profits of companies to 17% by 2020.
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