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<p>The fiscal and economic impact of changes in the rate of Corporation Tax (CT) have
been set out in the Office for Budget Responsibility’s (OBR’s) Economic and Fiscal
Outlooks which are published alongside fiscal events.</p><p> </p><p>The most recent
forecast, published in March 2021, includes the revenue raised from the announcement
made at Budget 2021: that the main rate will increase to 25% from April 2023, which
is forecast to raise over £45 billion across the next 5 years.</p><p> </p><p>This
forecast incorporates adjustments to reflect behavioural responses from businesses
to changes in the rate of CT.</p><p> </p>
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