Corporation Tax

Corporation Tax is the tax charged on the taxable profits of UK limited companies and some other organisations. The main rate is 25% for companies with profits over £250,000 (from April 2023), with a small profits rate of 19% for those with profits up to £50,000 and marginal relief between the two thresholds. Companies must file a Company Tax Return and pay any tax due within nine months and one day of their accounting period end.