Corporation Tax 2023

1 min read

After multiple policy U-turns and much uncertainty, the main rate of corporation tax will rise from 19% to 25% from 1 April 2023, affecting companies with profits of £250,000 and over.

The legislation provides that small companies with profits up to £50,000 will continue to pay corporation tax at 19%, with profits between the two limits being subject to a tapered rate.

All UK companies must pay corporation tax on the profits they generate, while the profits of non-incorporated businesses, such as sole traders and partnerships, are taxed via self-assessment.

Read more on Corporation tax 2023 here: 

You might be interested in...

  1. Michael Dolman

    23 Jul 2026

    TC Group Derby Announces Michael Dolman as Director

    We're delighted to announce the appointment of Michael Dolman as Director at TC Group Derby, marking a significant milestone in his career.

    Learn more

    TC Group Derby Announces Michael Dolman as Director
  3. Building the Future Generation of TC Group | TC AspirePlay icon

    15 Jul 2026

    Building the future generation of TC Group

    We believe that building a stronger future starts with investing in people. Our TC Aspire Leadership Development Programme is designed to develop the next generation of managers and future partners.

    Watch now

    Building the future generation of TC Group
  6. TC Group’s Jake Burton raised thousands to help fight dementia

    10 Jul 2026

    How TC Group’s Jake Burton raised thousands to help fight dementia

    After his grandad died, TC Group Holbeach’s Digital Development Manager and keen cricketer, Jake Burton, thought a good way to honour him would be to fundraise for Alzheimer’s Research UK. Five years on, he’s raised £67,000 and counting.

    Learn more

    How TC Group’s Jake Burton raised thousands to help fight dementia