Corporation Tax

You must pay Corporation Tax on profits from doing business as:

• a limited company
• any foreign company with a UK branch or office
• a club, co-operative or other unincorporated association, for example a community group or sports club

Here we look at the rates paid for companies with profits over £250,000 (main rate) and companies with profits under £50,000 (small profit rate). Marginal Relief provides a gradual increase in Corporation Tax rate between the small profits rate and the main rate. This allows companies to reduce their rate from the 25% main rate. Marginal Relief for Corporation Tax - GOV.UK (www.gov.uk)