September 28th, 2026.
The amount of corporation tax a company pays depends on profit. That’s 19% on profits up to £50,000 or 25% for profits over £250,000. If your company makes between £50,000 and £250,000, that’s where marginal relief comes in. If your company profits a little over £50,000, you won’t be smacked with a 25% bill. Instead, the rate of tax will increase incrementally from the 19% starting point up to 25%.Fill out and submit the return within 12 months of the end of your accounting period. However, you need to pay any corporation tax you owe earlier – within nine months and one day of the end of your accounting period.
Corporation tax is part of running a business in the UK. For the newly acquainted,
smallbusiness.co.uk will take you through what you need to know, with some expert advice peppered in.....
For the full story at smallbusiness.co.uk CLICK HERE.