Removal of small companies Corporation Tax rate.

Change current rate of 25% to 35%, partly funded by substantially reduced Employers National Insurance contribution costs.

Other Specific additional Taxes on Banks and Oil and Gas businesses need adjusting upwards in line with base increase. These are sometimes referred to as Windfall taxes.

This Taxation rate should apply to Sole Traders and Partnerships, when distribute profits then deducted in full if they are UK Taxpayer as Income tax will be collected from the distribution.

This approach harmonises the tax treatment of all businesses and ensures profits are never double-taxed.