Reduce corporation tax for small businesses with profits under £50,000 to 13%
I believe the Government should reduce the corporation tax rate on small businesses with profits of £50,000 from the current rate of 19% to 13%, as I believe it would help small businesses to stay competitive and open in the World of business.
Signatures
52
signatures
Government response threshold (10,000) · 52/10,000
Debate threshold (100,000) · 52/100,000
- 24 JUN 2025Petition closedFinal total: 52 signatures
- 24 DEC 2024Petition opened for signatures
Background
I believe 19% is too much for small businesses, as the cost of living and inflation have led to many small businesses, earning less than £50,000 profit, to struggle to stay open. I believe the current tax rate is harming the World of business and people's ability to open up their own business.