Companies are liable to pay corporation tax on profits of an accounting period.
The rates apply for a Financial Year. A Financial Year for companies runs from 1 April to 31 March. If the accounting period of a company straddles 31 March, the profits are apportioned on a time basis to each Financial Year.
|From 1st April 2017||19%|
It was announced in the March 2017 budget that corporation tax rates will be reduced to 17% from 1st April 2020.