Corporation Tax

If your business is liable for Corporation Tax, you must tell HM Revenue & Customs and file a Corporation Tax return online, you must also pay any Corporation Tax electronically.

External Resource

1 min read

Your Corporation Tax rate depends on how much profit your company makes and may change on April 1 each year.

Taxable profits include:

trading and investment profits (except dividend payments which are taxed differently)
capital gains

Corporation Tax rates

There are two rates of Corporation Tax depending on how much profit your company makes - the small profits rate and the main rate.

If your business makes a profit somewhere between the two limits, you may be able to claim Marginal Relief.

You might also be interested in

VAT: the basics

VAT is a tax that is charged on some goods and services. You may have to register for VAT with HM Revenue & Customs if your turnover is more than £85,000 per year.

Tax advantages for new businesses

New businesses may be able to cut their tax bill by claiming capital allowances, tax credits for research and development, and stamp duty relief.

When excise goods are moving within the European Union in excise duty-suspension, the movement must take place between persons and premises that have been approved for that purpose by the competent authorities in the Member State where they are based.

Starting a business

Running a business

Finance

Marketing and Sales

Human Resources

DigitalBoost

Corporation Tax

You might also be interested in

VAT: the basics

Tax advantages for new businesses

Dealing with excise goods