Planning for Corporation Tax in 2023
For the financial year 2023: the main rate of corporation tax will be 25% for companies with taxable profits above £250,000. a so-called standard small profits rate of 19% is being introduced for companies with profits of £50,000 or less. So, profits up to £50,000 will be taxed at 19%. From £50,001 to £250,000 the […]
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