Corporation Tax Calculator
Calculate your corporation tax liability. Understand how profit, tax year, allowances, and deductions affect your business tax bill.
Step 1: Financial Details
Understanding Taxable Profit
Taxable profit is your company’s profit before tax, adjusted for tax purposes. It includes trading profits, investment income, and capital gains, minus allowable expenses and deductions.
Step 2: Tax Details
About Corporation Tax Rates
From April 2023, the main corporation tax rate is 25% for profits over £250,000. Profits up to £50,000 are taxed at 19%, with marginal relief applying to profits between £50,000 and £250,000.
Corporation Tax Results
Total Corporation Tax Liability
Corporation Tax Year Comparison
| Tax Year | Main Rate | Small Profits Rate | Marginal Relief Band | Your Tax Liability |
|---|
Tax Liability Breakdown
Corporation Tax Formula
Tax Liability = (Taxable Profit – Allowances – Deductions) × Tax Rate – Tax Credits
Corporation tax is calculated on your company’s taxable profits after deducting allowable expenses, capital allowances, and other deductions. Different tax rates apply depending on your profit level.
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