By
July 9, 2024
As of 2024, the Corporation Tax rate in the UK is 25%. This rate applies to companies with profits over £250,000. For companies with profits up to £50,000, a small profits rate of 19% applies. Companies with profits between £50,000 and £250,000 will pay tax at the main rate reduced by a marginal relief, providing a gradual increase in the effective Corporation Tax rate.
The rates are as follows:
It’s important to stay updated with HM Revenue & Customs (HMRC) for any changes to these rates or thresholds.
.png){kind=logo}
Simple. Stressfree. Payments
.png){kind=logo}
