Starting on 1st April 2017 the Corporation Tax Main Rate (for all profits, except ring fenced profits) will be 19% for 3 years. Corporation Tax Rates will then reduce further to 18% starting 1st April 2020.
The Corporation Tax Rate prior to 1st April 2017 was 20%. This reduction has been viewed by many as an attempt to assist companies in the current financial climate.
Should you wish to obtain any advice or discuss these changes in future then please do not hesitate to contact us on 01751-475810