Taxation

Autumn Budget 2018 Corporation Tax

Autumn Budget 2018 Corporation Tax

The Autumn Budget in 2018 confirmed the following changes to corporation tax:

Corporation tax rates

The current corporation tax rate is 19%. This is payable on Limited company profits.

The government had previously already announced future rates of corporation tax for periods up to 31 March 2021.

For the financial year commencing 1 April 2019 the corporation tax rate will remain at 19%. This will reduce to a rate of 17% corporation tax for the financial year commencing 1 April 2020.

Return to the Autumn Budget 2018 Overview

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