The new corporation tax is 26%. If a BLAGAB/NCI calculation question would we use 26% or 28% for the shareholder profit? If we were given data 2011 and 2012...or something similar would we use the tax rate for that year ie: 26% for 2012 and 28% for 2011?
Core Reading only quotes the 26% rate, so I would be inclined to stick with 26% in all calculations. However, you're correct to say that the rate used to be 28%. The recent Budget also announced a further cut in corporation tax. You could use the actual tax rates in your answer - you would still be given full credit but you should be careful to state where your numbers come from. Best wishes Mark
