Claim: Nearly two-thirds of British businesses do not make a profit of over £10,000 but are subjected to corporation tax.
Fact-check: It's not correct to say two-thirds of businesses make less than £10,000 profit - Full Fact
Verdict: this is incorrect. two-thirds of limited companies have corporation tax liabilities of up to £10,000, but fewer than half of british businesses make a profit of less than £10,000.
Organisation: Full Fact
Author: Unknown
Date published: 2019-11-22T00:00:00