Change Corporation tax so that only UK costs can be used to offset profits.

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Petition Action

Change Corporation tax so that only UK costs can be used to offset profits.

Petition Details

In the last week it has been reported that Ebay UK and AirBnB have both paid significantly less corporation tax than would seem fair, both have acted within the law that allows costs from abroad to be used against profits achieved in the UK.

Additional Information

By only allowing costs incurred in the UK for UK tax purposes this would level the playing field, deter replacing of UK jobs with jobs in lower cost countries and improve tax revenues. This would also align with PAYE tax rules.

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