Rates and allowances for Corporation Tax
Rates, allowances and limits for Corporation Tax.
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The attached document is classified by HMRC as guidance and contains information about the rates payable for Corporation Tax.
Updates to this page
Last updated 4 April 2024 + show all updates
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The Corporation Tax Rate tables has been updated for 2024.
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From 1 April 2023 there is no longer a single Corporation Tax rate for non-ring fence profits. Marginal relief is also available for companies with profits between £50,000 and £250,000. The rates tables have also been updated for the financial year 1 April 2023 to 31 March 2024.
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The Corporation Tax main rate will remain at 19% from 1 April 2023.
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Column added to Corporation Tax rates table for 2022 and information added on 2021 Spring Budget.
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Column added to the rates table for 2021. Amended column header in Ring Fence companies table to ‘2014 to 2021’.
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The rates and allowances have been updated for tax year 2019 to 2020.
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The guidance has been updated with the current rate of Corporation Tax for non-ring fence profits.
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Corporation tax rate tables updated for 2019.
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Rates, allowances and duties have been updated for the tax year 2018 to 2019.
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Rates, allowances and duties have been updated for the tax year 2017 to 2018.
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Rates, allowances and duties have been updated for the tax year 2016 to 2017.
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Updates made to reflect the new changes announced in the Summer Budget 2015.
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Corporation Tax rates for 2015 added
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Corporation Tax on chargeable gains: Indexation Allowance 2014 addd to this page.
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First published.