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2009 Pre-Budget Report snippet Small companies' rate of corporation tax: The Chancellor announced that, to assist small companies, the increase in the small companies' rate of corporation tax will be deferred for a further year. The rate will, therefore, remain at 21% for 2010-11 and will increase to 22% for 2011-12 and subsequent years. National Insurance Contributions: Employers and employees will wince at the additional 0.5% rises in NICs from April 2011 (in addition to the pre-announced 0.5% rises). |