joey wrote:PinkDalek wrote:Corporate tax
Corporate tax rates and small profits thresholds from 2023. ...
https://www.gov.uk/guidance/corporate-tax
Detail of proposed taper not seen on the page. Other than:
Lower threshold £50,000
Upper threshold £250,000
Thanks PinkDalek. I looked in all the Budget documents that were for download and couldn’t see the detail of the tapering either. I wanted to calculate what effect it will have on my business using the last couple of years returns as comparisons. Do they normally release a “full” document or something, that contains the nitty-gritty?
Me too!
The legislation would contain the mechanics but I’d imagine that wouldn’t be drafted yet but I’m no expert.
Guessing this “taper relief” may conceivably be applied on the same way CT Marginal Relief was calculated some years back. Example as below but with the old bands and rates:
https://www.rossmartin.co.uk/companies/running-the-business/183-company-tax-rates-and-allowances
If I find anything more definitive, I’ll respond here but no time this evening.