Corporation Tax Rates 2024. 19% for taxable profits below £50,000 (small profit rate) 25% for taxable profits above £250,000 (main rate) marginal relief provides a gradual increase in corporation tax. Changes to corporation tax from 1st april 2023.

From 1 april 2023 there is no longer a single corporation tax rate for non. You pay corporation tax at the rates that applied in your company’s accounting period for corporation tax.