Uk Corporation Tax Rates 2024/25. The higher rate of dividend tax stands at 33.75% for those earning £50,271 and £125,140. If your company has profits of more than £250,000, you will pay the main rate of corporation tax, which is 25%.
The 2024/25 tax year in the uk runs from 6th april 2024 to 5th april 2025. The basic rate of dividend tax is set at 8.75%, applicable to individuals whose dividend income falls within the basic income tax band of £12,571 to £50,270.
The Real Novelty In The 2024 Tax Regime Lies In The Introduction Of A Tapered Tax Rate For Companies With Profits That Fall Between £50,000 And £250,000.
40% tax on earnings between £50,271 and £125,140.
The Allowance Is Reduced By £1 For Every £2 Above The Limit.
The main rate of corporation tax increased from 19% to 25%.
Tax Returns For This Tax Year Are Generally Due By 31St January 2026.
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Since April 2022, The Uk Income Tax Rates 2024 /25 Threshold Has Stayed Frozen, With The Next Increase Expected In April 2028.
Companies with profits between £50,000 and £250,000 may be eligible for marginal relief, which reduces the company’s tax bill.
20% Tax On Earnings Between £12,571 And £50,270.
The real novelty in the 2024 tax regime lies in the introduction of a tapered tax rate for companies with profits that fall between £50,000 and £250,000.
The Attached Document Is Classified By Hmrc As Guidance And Contains Information About The Rates Payable For Corporation Tax.
