Company Matters: Getting to know corporation tax
Question: I am setting up a new company and would like to know about corporation tax? How much can I expect to be charged and what is the system for payment?
I am setting up a new company and would like to know about corporation tax? How much can I expect to be charged and what is the system for payment?
All companies, including new start-up companies, pay corporation tax at the rate of 12.5 per cent on their profits chargeable to corporation tax.
"Profits chargeable to corporation tax" are often slightly different to the "accounts" profit as calculated for a company's annual accounts.
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