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Tax

Corporate tax reliefs rise £10.3bn in a year, research finds

The Office for Budget Responsibility expects businesses will pay £73.7bn in corporation tax in 2023-2024, an increase of 37% from £53.8bn in 2022-2023

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The value of UK corporate tax reliefs have risen £10.3bn in a year, from £113bn to £123.3bn, to reach the highest level in at least five years, according to new research from Thomson Reuters.  

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