Key Changes You Need to Know:
- Small Profits Rate (Under Ā£50,000) ā
Rate remains at 19% ā
Applies to companies with profits below £50,000
- Main Rate (Over Ā£250,000) ā
Continues at 25% ā
Applies to companies with profits exceeding £250,000
- Marginal Relief (Ā£50,000 - Ā£250,000) ā
Tapered rate applies ā
For profits between these thresholds ā
Calculated proportionally
š” Important Notes:
⢠Rates effective from April 1, 2025
⢠Profits are time-apportioned for accounting periods straddling this date
⢠Clear documentation needed for profit calculations
⢠Regular review of profit forecasts recommended