What is corporation tax?
4 December 2022 (Updated 20 December 2022)
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In a nutshell
Corporation tax is the money you pay to the UK government for any profits you make as a business. At the time of writing (December 2022), this is 19% of your company’s profits (income – expenses).
You can reduce the amount of corporation tax you pay by making sure you record all your expenses (e.g., equipment purchases, business trips, software licenses, etc).