To ask the Chancellor of the Exchequer what the reasons were for the change in small and medium companies’ tax rates in 2008 announced in the last Budget; and what assessment he has made of the impact of those changes on their competitiveness. (134568)

Paragraphs 3.11 to 3.39 in Chapter 3 of Budget 2007 available at:

http://www.hm-treasury.gov.uk/budget/budget_07/report/bud_budget07_repindex.cfm

outline the rationale for the major business tax reforms announced at the Budget, including those that impact on small and medium companies, and details how these reforms will help to boost the growth, productivity and international competitiveness of businesses in the UK.