Follow these steps to estimate your corporation tax liability for 2024/25:
Get instant estimates for your corporation tax based on HMRC guidelines for April 2025.
Corporation tax is a tax on the profits of UK companies, calculated based on HMRC rates (19% or 25% for 2024/25).
Marginal relief reduces the tax rate for companies with profits between £50,000 and £250,000, easing the transition from 19% to 25%.
Allowable expenses are business costs (e.g., salaries, rent) that can be deducted from profits to reduce taxable income.
R&D tax relief allows companies to deduct qualifying research and development costs from taxable profits, reducing their tax liability.