Corporate tax is, a levy placed on the profit of a firm, with different rates used for different levels of profits. Corporate taxes are taxes against profits earned by businesses during a given taxable period; they are generally applied to companies’ operating earnings, after expenses such as COGS, SG&A and depreciation have been deducted from revenues.

You must pay Corporation Tax on profits from doing business as:

  • A limited company
  • Any foreign company with a UK branch or office
  • A club, co-operative or other unincorporated association, e.g. a community group or sports club
This website uses cookies. We use cookies to provide social media features and to analyse our traffic.
You consent to our cookies if you continue to use our website. Read our cookie policy. I understand