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FY 2023 | FY 2022 | |
Main rate (profits over £250,000 from 1 April 2023) | 25% | 19% |
| Small profits rate (profits below £50,000) | 19% | – |
| Marginal relief fraction | 3/200 | – |
Taxable profits in excess of £250,000 will be taxed at 25%, the main rate.
Profits between £50,000 and £250,000 will be subject to a marginal tapering relief which will provide for a gradual increase in the Corporation Tax rate.
Disclaimer
In preparing and maintaining this section of our website every effort has been made to ensure the content is up to date and accurate. However, the law and regulations change continually and unintentional errors can occur and the information may be neither up to date nor accurate. We make no representation or warranty (including liability towards third parties), express or implied, as to the accuracy, reliability or completeness of the information on the website. Please don’t act directly on anything you read – contact us first for advice on how it may affect your individual circumstances.
