Corporation tax fundamentals

What you'll learn

1. 1

   Imagine you own a business that makes £100,000 profit. The government takes a slice of that profit as corporation tax — it's like your business paying for the roads and schools it uses. 🏢

2. 2

   What does a company pay corporation tax on?

3. 3

   Your company made £200,000 profit. The tax rate is 25%. Drag the bar to show how much tax you'll pay. 💰

4. 4

   Let's calculate the corporation tax on £80,000 profit at 25%. 📝

5. 5

   A company makes £50,000 profit. Tax rate is 25%. How much tax do they pay?

6. 6

   Now try it yourself! Your company has £300,000 profit at 25% tax. Use the number line to find the tax amount. 🎯

7. 7

   What's the main UK corporation tax rate for most companies?