Corporation Tax rates
Enacted ordinary-company rates, thresholds and financial-year applicability.
Enacted ordinary-company rates, thresholds and financial-year applicability.
Ordinary-company rates for financial year 2026
Reviewed · Current · Law · 1 April 2026 to 31 March 2027
25%
19%
£50,000
£250,000
3/200
Financial year 2026 has a 25% main rate, 19% small-profits rate, £50,000 and £250,000 base limits, and a 3/200 marginal-relief fraction.
The base limits are adjusted for short accounting periods and divided by the claimant company plus its other associated companies.
Exceptions and branches
- Close investment-holding companies and ring-fence or mixed profits require different treatment.
Ordinary-company rates for financial year 2027
Reviewed · Future · Law · 1 April 2027 to 31 March 2028
25%
19%
£50,000
£250,000
3/200
Financial year 2027 has a 25% main rate, 19% small-profits rate, £50,000 and £250,000 base limits, and a 3/200 marginal-relief fraction.
The base limits are adjusted for short accounting periods and divided by the claimant company plus its other associated companies.
Exceptions and branches
- Close investment-holding companies and ring-fence or mixed profits require different treatment.
Ordinary-company rates for financial year 2022
Reviewed · Historic · Law · 1 April 2022 to 31 March 2023
19%
Financial year 2022 has one 19% ordinary-company rate.
The later small-profits and marginal-relief regime had not commenced.
Exceptions and branches
- Close investment-holding companies and ring-fence or mixed profits require different treatment.
Ordinary-company rates for financial year 2023
Reviewed · Historic · Law · 1 April 2023 to 31 March 2024
25%
19%
£50,000
£250,000
3/200
Financial year 2023 has a 25% main rate, 19% small-profits rate, £50,000 and £250,000 base limits, and a 3/200 marginal-relief fraction.
The base limits are adjusted for short accounting periods and divided by the claimant company plus its other associated companies.
Exceptions and branches
- Close investment-holding companies and ring-fence or mixed profits require different treatment.
Ordinary-company rates for financial year 2024
Reviewed · Historic · Law · 1 April 2024 to 31 March 2025
25%
19%
£50,000
£250,000
3/200
Financial year 2024 has a 25% main rate, 19% small-profits rate, £50,000 and £250,000 base limits, and a 3/200 marginal-relief fraction.
The base limits are adjusted for short accounting periods and divided by the claimant company plus its other associated companies.
Exceptions and branches
- Close investment-holding companies and ring-fence or mixed profits require different treatment.
Ordinary-company rates for financial year 2025
Reviewed · Historic · Law · 1 April 2025 to 31 March 2026
25%
19%
£50,000
£250,000
3/200
Financial year 2025 has a 25% main rate, 19% small-profits rate, £50,000 and £250,000 base limits, and a 3/200 marginal-relief fraction.
The base limits are adjusted for short accounting periods and divided by the claimant company plus its other associated companies.
Exceptions and branches
- Close investment-holding companies and ring-fence or mixed profits require different treatment.
What changed
-
31 March 2023: Financial year 2022 has one 19% ordinary-company rate.
-
31 March 2024: Financial year 2023 has a 25% main rate, 19% small-profits rate, £50,000 and £250,000 base limits, and a 3/200 marginal-relief fraction.
-
31 March 2025: Financial year 2024 has a 25% main rate, 19% small-profits rate, £50,000 and £250,000 base limits, and a 3/200 marginal-relief fraction.
-
31 March 2026: Financial year 2025 has a 25% main rate, 19% small-profits rate, £50,000 and £250,000 base limits, and a 3/200 marginal-relief fraction.
Related concepts
Linked from
Sources
-
Finance Act 2025 — Sections 13 and 14. Primary authority.
-
Corporation Tax rates and allowances — Rates for Corporation Tax; marginal relief; associated companies and short periods. Official guidance.
-
Finance Act 2026 — Sections 11 and 12. Primary authority.
-
Finance Act 2021 — Sections 6 and 7 and Schedule 1. Primary authority.
-
Finance (No. 2) Act 2023 — Sections 5 and 6. Primary authority.
-
Finance (No. 2) Act 2024 — Sections 12 and 13. Primary authority.
Knowledge version: sterling-knowledge@2026-09-11.7. Last checked 11 September 2026.