From April 2023 the rate of corporation tax paid on company profits will increase from 19 to 25 per cent.
This applies to companies with profits above £50,000. Businesses with profits under this threshold will retain the 19 per cent tax rate.
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Medical Family Finance Ltd. Registered in England and Wales, under no. 08689906. Registered office address – 2 St Mary’s Road, Tonbridge, Kent, TN9 2LB. Medical Family Finance Limited is an appointed representative of Quilter Financial Services Limited and Quilter Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority. The guidance and/or information contained within this website is subject to UK regulatory regime and is therefore targeted at consumers based in the UK.
The value of pensions and investments and the income they produce can fall as well as rise, you may get back less than you invested.
For ISA’s Investors do not pay any personal tax on income or gains but ISAs do pay unrecoverable tax on income from stocks and shares received by the ISA manager.
Tax treatment varies according to individual circumstances and is subject to change.
Approver Quilter Financial Services Limited & Quilter Mortgage Planning Limited. 09/05/2023
