Advent Day 9 – Corporation tax rates from April 2023

From April 2023 Corporation tax increased to 25% on profits above £250,000.

This is a significant change from the previous 19% rate.

However, businesses with profits of £50,000 or less will remain at the 19% rate.

Between £50,000 and £250,000 business will now pay 26.5%.

This is part of the government’s new measures to rebuild the economy post-pandemic.

It’s important for businesses to plan ahead and adapt to these changes. Stay tuned for more updates.

#CorporationTax #BusinessNews”