What is Corporation Tax?
4 min read · 2025-01-15
Corporation Tax is the tax UK limited companies pay on profits — 19% on profits up to £50,000, 25% on profits above £250,000, with marginal relief in between (since April 2023).
- 19% small profits rate: profits up to £50,000
- 25% main rate: profits above £250,000
- Marginal relief between £50,000 and £250,000
- Thresholds are divided by the number of associated companies