FY 2024

FY 2023

Main rate (profits over £250,000 from 1 April 2023)



Small profits rate (profits below £50,000) 19% 19%
Marginal relief fraction 3/200 3/200


Taxable profits in excess of £250,000 will be taxed at 25%, the main rate.

Profits between £50,000 and £250,000 will be subject to a marginal tapering relief which will provide for a gradual increase in the Corporation Tax rate. 


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