The tax payable by a company on its profits.

Tax chargeable on companies resident in the UK, or trading in the UK through a branch or agency, as well as on certain unincorporated associations (FRS 16).

an amount charged on a company's taxable profits.

This is a tax companies pay on their profits.

The tax a company may have to pay on its profits for a year. Investment trust companies are exempt from corporation tax on their capital gains and also do not pay tax on any UK dividends. As they can also offset expenses against any taxable income, most investment trusts do not pay corporation tax and are therefore very tax efficient.

A tax on the profits, chargeable gains, and other income of companies.

Tax paid by limited companies on their profits.

The tax payable on the profits from a UK company.

This tax is payable by companies on their profits.

The tax paid by a limited company on its profits. At present this is calculated at year end and due within 9 months of that date. From April 1999 Advanced Corporation Tax was abolished and large (UK) companies now pay CT in instalments. Small and medium-sized companies are exempted from the instalment plan.

The tax that is charged on a company’s profit. Rates of corporation tax vary around the world and multinational companies organize themselves to minimise the amount that they have to pay.

A tax payable by companies on their profits.

Tax chargeable on the profits of a UK company.

Corporation tax is the taxation payable by companies on their profits. As with other direct taxes (such as income tax) there are different rates of corporation tax payable (depending on the level of profits achieved). Companies also receive tax allowances which they can use to reduce the amount of corporation tax payable. The main kind of allowance – capital allowances – provides a tax incentive to invest in fixed assets. Smaller companies also benefit from lower corporation tax rates.

Tax on companies, levied on trading profits and capital gains. Tax rates applicable to Financial Year 1/4 to 31/3.

In the same way that individuals pay income tax, so Companies are liable for corporation tax on their profits and income, including capital gains.

The tax charged on companies resident for tax purposes in the UK and foreign companies operating through a UK branch, tax is calculated as a percentage of taxable profit, ie. taxable income less deductible expenses, reliefs and allowances. For the tax year 2000/1 the following rates apply: - profits upto £10,000 at 10% - a marginal rate of 22.5% is applied to profits between £10,000 and £50,000 - profits upto £300,000 at 20% - profits between £300,000 and £1.5m at a marinal rate of 32.5% - profits in excess of £1.5m at 30

Tax paid by companies on trading profits and capital gains.

Corporation tax is the tax that companies pay on their profits. Since April 1st 1999 the main rate of corporation tax has been 30%, but there are also lower rates for smaller companies.

A tax, currently 30%, assessed on corporate profits after adjustment for items such as depreciation, capital allowances, provisions, etc