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.

This guide gives you a basic overview of Corporation Tax. It tells you what Corporation Tax is, who's liable and what you must do, and when, if you are subject to Corporation Tax requirements. It outlines how the tax is calculated and what the tax rates are.

It also explains common HM Revenue & Customs Corporation Tax terms such as 'Corporation Tax Self Assessment', 'accounting period' and 'taxable profits'.