Speculation ahead of the Budget has largely focused on potential changes to capital gains tax and inheritance tax, as well as the possible introduction of a wealth tax.

    But we are now also starting to see attention turn to the issue of whether we're likely to see an increase in corporation tax. 

    Tony Wickenden outlines where we stand, and the backdrop to a potential rise in corporation tax. 

    There have been calls from a number of organisations for the government not to do anything that could hurt the UK economy, particularly in this post-Brexit environment. 

    But Tony points out that the current corporation tax rate of 19 per cent is already pretty competitive when compared with other countries, which may offer the UK some room for manoeuvre. 

    He also talks about who would be directly impacted if the rate of corporation tax were to change. 

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