Corporation Tax in the UK - What you need to know.

Corporation tax is a tax imposed on the taxable profits of limited companies and other organisations including clubs, associations, and other unincorporated bodies. In other words, corporation tax in the UK is a statutory tax charged on the profits of companies.

What is the current rate of Corporation Tax

At this point in time (in the financial year 2022/2023) the rate is still at 19%, although next year it will go up as profits rise as is shown in the following table:

Corporation tax rates:

You've successfully subscribed to The Tax Shop Group
Great! Next, complete checkout to get full access to all premium content.
Error! Could not sign up. invalid link.
Welcome back! You've successfully signed in.
Error! Could not sign in. Please try again.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.