Corporation Tax

 

Profits band
£
Rate
%
All profits 19*

 

Profits band
£
Rate
%
0 - 300,000 19*
300,001 - 1,500,000 19*

*The profits limits are reduced for accounting periods of less than 12 months and for a company with associated companies.
Different rates apply for ring-fenced (broadly oil industry) profit.

***The rate of corporation tax will remain 19% for the year ending 31 March 2020, and will decrease further to 17% for the year ending 31 March 2021.