How do I reduce corporation tax?

By Chris Andreou
|
Last updated
August 6, 2024

Contents

How do I reduce corporation tax?How do I reduce corporation tax?

You can reduce your corporation tax bill by:

  • Claiming your business expenses
  • Paying yourself a salary
  • Taking advantage of HMRC's incentives for early tax payment
  • Taking advantage of tax allowances and reliefs

You can reduce your corporation tax bill by:

  • Claiming your business expenses
  • Paying yourself a salary
  • Taking advantage of HMRC’s incentives for early tax payment
  • Taking advantage of tax allowances and reliefs

Corporation Tax Calculator: Work Out Your Company Tax

In the UK, corporation tax is straightforward but essential to understand. Companies must calculate their taxable profits, which include trading profits, investment profits, and any capital gains. Once the taxable profit is determined, companies apply the current corporation tax rate to find out how much they owe.

Know how much corporation tax you owe in the financial year 2024/25 easily with our easy to use Corporation Tax Calculator. Using our calculator is straightforward and user-friendly. Just select your company’s gross profit, and the calculator does the rest. It applies the current corporation tax rates for 2024/25 and provides an accurate estimate of what you owe. This ensures you stay compliant with UK tax laws without the hassle of manual calculations.

Corporation tax calculator

Calculate the amount you could owe for UK corporation tax.

£15,000
£2,850
£0
£0
£2,850
£12,150
19%
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Corporation Tax Calculator: Work Out Your Company Tax

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