Corporation tax
The corporation tax rate remains at 19% until 31 March 2023. With effect from 1 April 2023 Corporation tax will be charged as follows:
- Profits up to £50,000: Small Profits Rate of 19%.
- Profits over £250,000: Main Rate of 25%.
Profits between £50,000 and £250,000 will be subject to a gradual increase in the corporation tax through marginal tax relief.
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