The corporation tax year operates from 1st April
|
Main Rate |
Small profit Rate |
Marginal Rate |
2022/23 |
19% |
N/A |
N/A |
2023/24 |
25% |
19% |
26.5% |
2024/25 |
25% |
19% |
26.5% |
2025/26 |
25% |
19% |
26.5% |
2026/27 |
25% |
19% |
26.5% |
Rate | 2022/23 | 2023/24 | 2024/25 | 2025/26 | 2026/27 |
Main rate | 19% | 25% | 25% | 25% | 25% |
Small profit rate | N/A | 19% | 19% | 19% | 19% |
Marginal rate | N/A | 26.5% | 26.5% | 26.5% | 26.5% |
Corporation Tax Thresholds
|
Main rate on profits over |
Small profits rate up to |
2022/23 |
£0 |
N/A |
2023/24 |
£250,000 |
£50,000 |
2024/25 |
£250,000 |
£50,000 |
2025/26 |
£250,000 |
£50,000 |
2026/27 |
£250,000 |
£50,000 |
| 2022/23 | 2023/24 | 2024/25 | 2025/26 | 2026/27 |
Main rate on profits over | £0 | £250,000 | £250,000 | £250,000 | £250,000 |
Small profits rate up to | N/A | £50,000 | £50,000 | £50,000 | £50,000 |