Proceeding contribution from Roger Williams (Liberal Democrat) in the House of Commons on Wednesday, 30 June 2010. It occurred during Ministerial statement on The Budget as it relates to Wales.

The Budget as it relates to Wales

Many small incorporated companies welcome the cut in corporation tax, although it is partly offset by the alteration in capital allowances. Many companies in my constituency and in Wales are not incorporated but are sole traders or partnerships. They have seen no change in their taxation status but also face reductions in capital allowances. Does the Chief Secretary therefore anticipate a tendency for companies to move from being sole traders or partnerships to being incorporated?

Secondary information

Type: Proceeding contribution
Reference: WGC c12
Session: 2010-12
Chamber / Committee: House of Commons Grand Committees
Subjects: Capital gains tax Business Corporation tax Banks Income tax Economic policy National insurance contributions Public expenditure Public finance Social security benefits State retirement pensions Wales Tax allowances Taxation VAT Cuts Budget June 2010
Link: View this Proceeding contribution on www.publications.parliament.uk

The Budget as it relates to Wales

Secondary information

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