Budget 2021: Corporation Tax Rise

revenue and customs

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.

Share this post

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on email
Share on print

Latest posts

Meet the article author...

Get in touch with our financial advisers

Medical Family Finance is your helping hand through life’s challenging financial landscape.

Get in touch with our team to find out how we can help you by using this contact form, or by phoning 020 7252 5765