Commentary

D1.1201 The main rate of corporation tax

Corporate tax
Corporate tax | Commentary

D1.1201 The main rate of corporation tax

Corporate tax | Commentary

Division D1.12     Computation

Reviewed by
RUTH NEWMAN, LLB (Hons), MA, CTA

Main rate of corporation tax

D1.1201 The main rate of corporation tax

For the latest New Development, see ND.1898.

The rate of corporation tax is fixed by reference to financial years. The financial year commences on 1 April and ends on 31 March. For example, the financial year 2020 is the year beginning 1 April 2020 and ends on 31 March 2021, and so on1.

Corporation tax is a 'flat' tax on the profits of companies. Prior to 1 April 2015, a lower rate of corporation tax was available for companies with

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial