Schedule 1 of Finance Act 2021 introduced a new corporation tax charging structure with effect from 1/4/23 (Financial Year 2023) and summarised as follows: Small Companies rate: 19% on “augmented profits” (*) not exceeding £50,000 Main corporation tax rate: 25% where profits exceed £250,00 Main corporation tax rate but with “marginal relief” (*): where profits … Continue reading My VIP Tax Team question of the week: Associated Company rules from 01.04.23