UK Business Alert: Essential Guide to Companies House and HMRC Joint Fil...

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Understanding Current Corporation Tax Rates and Marginal Relief in the UK

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Listen to the MA & CO Podcast Introduction Corporation tax is a key part of running a business in the UK. It is important to know the current corporation tax rates and understand how marginal relief works. This can help you plan for your business expenses and ensure you are not paying more tax than needed. In this guide, we will explain the corporation tax rates and how marginal relief applies to businesses with different levels of profit. 1. Current Corporation Tax Rates (as of 2024) In the UK, corporation tax rates depend on how much profit your company makes. Here are the main rates for 2024: Small Profits Rate : If your company makes up to £50,000 in profits, you will pay 19% in corporation tax. Main Rate : If your company makes more than £250,000 in profits, you will pay 25% . Marginal Rate : If your profits are between £50,001 and £250,000 , you can get marginal relief , which means you pay a rate between 19% and 25% . Taxable Profits (£) Corporation Tax Rate Margin...
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Maximizing Profitability: Smart Tax Planning Strategies for UK SMEs in 2025 💰

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Did you know that UK small businesses collectively overpay an estimated £5.7 billion in taxes annually due to inadequate tax planning? As a small or medium-sized business owner, you're likely juggling countless responsibilities while trying to grow your company. Amid this balancing act, strategic tax planning and financial optimisation often take a back seat—yet these are precisely the areas that can significantly impact your bottom line. In today's challenging economic climate, every pound saved through efficient tax planning is a pound that can be reinvested in your business's growth. At MA & Co Accountants, we specialise in helping UK SMEs navigate the complex tax landscape to maximise profitability while ensuring full compliance with all regulations. Understanding the UK Tax Landscape for SMEs in 2025 🔍 The UK tax system is constantly evolving, with new regulations and requirements that can be overwhelming for busy business owners. Recent changes in tax legislation...
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HMRC to Cut 25% of Whitehall Offices 🏢

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The UK Government , through HMRC (His Majesty’s Revenue and Customs) , is making a major change. It plans to reduce its Whitehall estate by 25% . This is part of a bigger effort to save money, support net zero goals , and move public sector jobs out of London. 💡 Why Is This Happening? The plan is part of the Smarter Government Strategy , which aims to: Improve value-for-money reforms Cut government real estate costs Shift towards hybrid working models Support the Levelling Up strategy by moving jobs to regions like Manchester , Leeds , and Birmingham This is managed by the Government Property Agency (GPA) under the Cabinet Office , and monitored by the Public Accounts Committee . 💰 Cost Savings Explained The Whitehall downsizing is expected to save over £1.5 billion in 10 years. 🧮 Example Calculation: 50 buildings x £5,000,000 = £250 million saved yearly £250M x 10 years = £2.5 billion in potential savings These savings come from: Ending expensive building leases Lowering opera...
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