Corporation Tax                   

Corporation Tax is a tax on the taxable profits of limited companies and other organisations including clubs, societies, associations and other unincorporated bodies.

Taxable profits for Corporation Tax include profits from taxable income such as trading profits and investment profits and capital gains.

The Chancellor sets out the rates of Corporation Tax and various allowances, reliefs and credits in the Budget each March and also in the Pre-Budget Report the previous November.

There are currently two rates of Corporation Tax, depending on the company or organisation's taxable profits.  Please see our link to the HMRC website to get the latest Corporation Tax rates.

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