Corporation Tax

Corporation Tax is a tax on the taxable profits of limited companies and other organisations including clubs, societies, associations and other unincorporated bodies.

If your company or organisation is based in the UK, you'll have to pay Corporation Tax on all your taxable profits - wherever in the world those profits come from.

Unlike other taxes such as Income Tax or VAT - where in most cases the filing and payment deadlines are identical - this is not the case with Corporation Tax. The deadline to pay your Corporation Tax is before the deadline to file your Company Tax Return.

	HMRC highlights Corporation Tax changes HM Revenue and Customs (HMRC) has reminded UK businesses of the changes to Corporation Tax that will come into effect next month.
	Big businesses 'avoiding corporation tax' Many large businesses are not paying any corporation tax whatsoever, an influential committee of MPs has discovered.
	Tax Commission calls for 30% flat tax rate on income and capital A new report by the 2020 Tax Commission says that a flat rate of 30 per cent tax on both income and capital will raise GDP over 15 years and end the UK's "punitive" tax system.
	Osborne ‘shocked’ by millionaire tax dodgers The Chancellor has vowed to take action on tax avoidance after being “shocked” to learn that some of the UK’s wealthiest people are paying almost no income tax.
	Millions affected by tax and benefits shake-up for new tax year A series of changes to the tax and benefits system announced by the Government over the past year and a half will finally come into force on Friday.