• Taxation in the UK
• Tax advantages
• Who pays tax?
• I live outside the UK
• Fuel tax
• Value Added Tax
• Corporate tax
• Income tax
• National insurance tax
• Capital gains tax

One of the biggest sources from the many different kinds of taxes for the public treasury in the United Kingdom is the tax levied on companies and corporations, the corporate tax.

It is in force since 1965, before which companies had to pay the same income tax as individuals with an additional tax on their profits. Corporate tax has to be paid annually by in the fiscal year of the corporation as a percentage of the revenue made by the firm. The current rate of corporate tax is 20% for small companies with an annual revenue up to £300 000, and 30% for larger companies with and annual revenue over than £1 500 000. However the under the current government and it is planned to be reduced further by 2% in order to attract individuals or companies to make business in the country.

Companies that are from another country, but are resident in the UK by having a centre of management or headquaters are also a subject for the corporate tax.
Dividend payed for the shareholders by the company or corporation are also the subject of the corporate tax as it is based on the profit the company gains in that fiscal year.