Written Question·Treasury·UIN 32837
Corporation Tax: Tax Rates and Bands
Tabled: 21 February 2025
Answered: 28 February 2025
Question
Gregory Stafford
Conservative — Farnham and Bordon
To ask the Chancellor of the Exchequer, whether she has had discussions with stakeholders on the potential merits of implementing thresholds for corporation tax as per personal taxation.
Answer
James MurrayCompanies already pay Corporation Tax in line with their profitability. The main rate of 25 per cent – which is the lowest in the G7 – applies to profits over £250,000. The small profits rate of 19 per cent applies to profits under £50,000. Marginal relie...
ⓘ
This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 32837) →