Finance (No. 2) Act 2024 (c. 12)

Corporation tax charge and rates etc U.K.

12 Charge and main rate for financial year 2025 U.K.

(1) Corporation tax is charged for the financial year 2025.

(2) The main rate of corporation tax for that year is 25%.

13 Standard small profits rate and fraction for financial year 2025 U.K.

For the purposes of Part 3A of CTA 2010, for the financial year 2025—

(a) the standard small profits rate is 19%, and

(b) the standard marginal relief fraction is 3/200ths.