Corporation Tax

With in-depth knowledge of corporation tax, we connect businesses with leading specialists who deliver strategic advice to enhance compliance and maximise efficiency - positioning My Tax Broker as the trusted partner for your corporate tax requirements.

What is corporation tax

Corporation Tax is a tax on the profits of UK companies, helping businesses understand their obligations, calculate the right amount of tax, and ensure compliance with HMRC rules while keeping liabilities under control.

Our guidance can also highlight opportunities to claim reliefs and allowances, reduce tax bills, and support long-term growth and financial planning for your business.

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Expert guidance

We are specialist tax brokers, connecting you with qualified Corporation Tax advisers who can help with your specific needs and make sure your business stays fully compliant with HMRC rules.

Our advisers can also help you claim available reliefs, reduce your tax liabilities, and provide guidance to support your company’s growth and long-term plans.

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Any size of business

We provide expert Corporation Tax support for businesses of all sizes, from small enterprises to larger organisations.

Our advisers help you navigate complex tax rules, ensure full compliance with HMRC, and identify opportunities to claim reliefs, allowances, or reduce your overall tax liability.

With our guidance, your business can manage cash flow effectively, avoid costly mistakes, and make confident, informed financial decisions.

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FAQ

Rates vary depending on your company’s profits:

  • Small profits (up to £50,000): 19%

  • Main rate (profits over £250,000): 25%

  • Profits between £50,000 and £250,000: Marginal Relief applies, gradually increasing the effective rate from 19% to 25%.

  • Companies must file a tax return annually, usually 12 months after the end of their accounting period.

  • Payment is due 9 months and 1 day after the end of the accounting period, although large companies may need to pay in instalments.

Keep accurate records of:

  • Income and profits

  • Expenses and allowable deductions

  • Asset sales and capital gains

  • Any other information relevant to calculating your tax

HMRC recommends keeping these records for at least 6 years.

Yes — companies can reduce their liability by:

  • Claiming allowable expenses

  • Using capital allowances

  • Taking advantage of available reliefs (like R&D relief or charitable donations)

As specialist tax brokers, we connect you with qualified advisers who can:

  • Ensure your Corporation Tax return is accurate and submitted on time

  • Identify opportunities to reduce your tax liability through reliefs and allowances

  • Provide strategic guidance to support business growth and long-term planning

HMRC may charge penalties and interest for late filing or payment. Penalties increase over time, so it’s important to stay compliant. A qualified adviser can help you avoid costly mistakes.

Late filing or payments can lead to penalties and interest. With our support, you can avoid costly mistakes and get professional help if something goes wrong.

Corporation Tax can be complex. A tax broker ensures your business complies with the law, reduces liabilities, avoids costly mistakes, and gives you peace of mind.

Request Corporation Tax Advice

Get in touch today to find out how we can support businesses of all sizes with corporation tax advice.

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