Corporate Tax Reductions Bill

A Bill to require the authorisation by Parliament of corporate tax reductions by amounts exceeding £100,000 by Her Majesty’s Revenue and Customs; and for connected purposes.

Originating House

House of Commons

Last Updated

2 May 2012

In Plain English

AI-generated

The bill would require Parliament to approve corporate tax reductions made by HMRC if the amount reduced is more than £100,000. It creates a parliamentary check so MPs debate and vote on large corporate tax cuts before they can take effect, with related measures covered by the same framework.

Key Points

Parliament must authorise HMRC corporate tax reductions over £100,000.
Applies specifically to reductions in corporation tax.
Introduces greater parliamentary scrutiny and transparency for large tax cuts.
The process could affect the timing and rollout of large corporate tax reductions.

Progress

The bill is currently at the 2nd reading in the House of Commons; if it progresses, it would move to committee stage for detailed examination.

Who is affected?

UK-registered companies and other corporate taxpayersCompany directors, managers and shareholdersTax advisers and accountants who work with businesses

Generated 21 February 2026

Updates & Documents

News (1)

News - Corporate Tax Reductions

1 Jan 1970

The Bill failed to complete its passage through Parliament before the end of the session. This means the Bill will make no further progress.

Parliamentary Votes (0)

No recorded votes for this bill yet.

Corporate Tax Reductions Bill | TrackPolitics