CORPORATION TAX RATES

BANDS

ALLOWANCES &

TAX RATES

BANDS

ALLOWANCES &

TAX RATES

OUR

PROCESS

GET IN TOUCH
WITH US

GET TO KNOW

Corporation tax is charged on the profits of companies and unincorporated bodies that are not partnerships, for example members' clubs.

The term profits includes all sources of income and capital gains. A company pays Corporation Tax on the profits it makes from doing business ('trading profits'), its investments, and selling assets for more than they cost ('chargeable gains' – company assets include land and property, equipment and machinery, and company shares). The rate of Corporation Tax is fixed by reference to financial years, which run from 1 April to 31 March.

Since April 2023, the UK has operated a tiered Corporation Tax system rather than a single flat rate:

Profit level	Rate
Up to £50,000	19% (Small Profits Rate)
£50,000 – £250,000	25%, reduced by Marginal Relief on a sliding scale
Over £250,000	25% (Main Rate)

We can help you set up and manage your business's finances so you achieve your strategic goals with minimum tax liability — including reviewing whether Marginal Relief applies to you, and planning ahead of your year end to manage your position proactively.

Rates & Allowances Pages ► Income Tax Rates & Allowances ■ Capital Gains Tax ■ Pensions ■

■ Inheritance Tax ■ National Insurance ■ Statutory Pay ■ Child Benefit ■ Vehicles ■ VAT ■ ISAs ■

■ Corporation Tax ■ Capital Allowances ■ Stamp Duty & SDLT ■ Investing in a small business ■

Registered office: 61 Friar Gate, Derby, Derbyshire, DE1 1DJ T: 01332 202660

Adrian Mooy & Co is the trading name of Adrian Mooy & Co Ltd. Registered in England No. 05770414