What is the current rate of corporation tax?

From 1st April 2023, if your company made a profit of £50,000 or less, you’ll pay the ‘small profits rate’, which is 19%.

If your company made more than £250,000 profit, you’ll pay the main rate of Corporation Tax.

You may be entitled to ‘Marginal Relief’ if your profits were between £50,000 and £250,000.