Corporation tax is the tax that UK companies have to submit each financial year to HMRC to pay on their taxable profits.

The current corporation tax rate is 19%, so if your company has a Turnover of £100,000 during the financial year with £20,000 as tax deductions, you would pay 19% on £80,000 = £15,200 corporation tax to pay.

For more detailed Corporation Tax information click:

Contact Tax Advisory UK today and we will arrange a meeting with some of the UK’s most qualified and experienced Chartered Tax Advisors to help with your Corporation Tax inquiries.  Please call 0203 965 3892.