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The UK government brought about major reforms to Corporation Tax effective 1 April 2023. Previously a flat rate of 19%, the system now includes three tiers: detained by a main rate of 25%, a small profits rate of 19%, and within the rates of these two tiers.

We will outline what these changes mean for your limited company. Regardless of whether you pay the smaller rate or the main rate, or opt for Marginal Relief on your business profits a year, you will be able to grasp how it all works. MMBA has this Corporation Tax up-to-date to assist you in controlling your Corporation Tax.