Corporation Tax Rates

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%
Rate2022/232023/242024/252025/262026/27
Main rate19%25%25%25%25%
Small profit rateN/A19%19%19%19%
Marginal rateN/A26.5%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
2022/232023/242024/252025/262026/27
Main rate on profits over£0£250,000£250,000£250,000£250,000
Small profits rate up toN/A£50,000£50,000£50,000£50,000