REMINDER ABOUT CHANGE IN TAX RATES – 25% SMALL COMPANY RATE
The main rate of corporation tax will increase from 19% to 25% on 1 April 2023. For businesses with accounting periods which straddle 1 April, profits will be time apportioned. Businesses with profits of less than £50,000 will continue to be taxed at 19%, for businesses with profits of between £50,000 and £250,000 a tapered […]