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 |
