Petition 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.
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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.
At 10,000 signatures...
At 10,000 signatures, government will respond to this petition
At 100,000 signatures...
At 100,000 signatures, this petition will be considered for debate in Parliament