Company Taxation Guide
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The Company Taxation Manual from HMRC. Everything you need to know about company taxation in the UK.
Introduction to Company Taxation
Company taxation is a crucial aspect of any company's operations. In the UK, company taxation is regulated by HMRC (Her Majesty's Revenue and Customs). This guide will cover all aspects of company taxation, including corporation tax, value added tax, and income tax.
Corporation Tax
Corporation tax is the primary tax paid by companies in the UK. The rate of corporation tax varies depending on the size of the company and its profits. The corporation tax rate is currently 19% for most companies.
Value Added Tax
Value added tax (VAT) is a tax paid on most goods and services in the UK. The VAT rate is currently 20% for most goods and services.
Income Tax
Income tax is a tax paid on a company's profits. The income tax rate is currently 19% for most companies.
What to do next
Source: gov.uk