Britain's biggest companies see tax bill drop 18% in 2012
Reuters: London, Jan 22 2013, 09:14 IST
billion) in 2012, down from 9.8 billion pounds in 2011, when figures were boosted by 1 billion pounds of payments relating to previous years, the survey said.
The UK corporation tax rate fell from 28 percent to 26 percent during the survey period, and the government plans to cut the rate to 21 percent from 2014.
The results of the PwC survey come a day after the announcement that British lawmakers are to quiz representatives of the largest accounting firms - including PwC, Ernst and Young , KPMG and Deloitte - this month over their role in helping big companies to minimise tax bills.
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