Corporation Tax

Corporation Tax is a tax on the taxable profits of limited companies and other organisations including clubs, societies, associations and other unincorporated bodies.

If your company or organisation is based in the UK, you'll have to pay Corporation Tax on all your taxable profits – wherever in the world those profits come from.

Unlike other taxes such as Income Tax or VAT – where in most cases the filing and payment deadlines are identical – this is not the case with Corporation Tax. The deadline to pay your Corporation Tax is before the deadline to file your Company Tax Return.

	Vodafone use tax breaks to pay no UK corporation tax Mobile phone giant Vodafone has paid no corporation tax for the second year in a row. It says its investment and interest payments wiped out any tax due on £5bn turnover.
	Starbucks to pay £20m corporation tax after customer revolt Following the negative publicity from one of its executives appearance before MPs, Starbucks has agreed to pay corporation tax of around £20 million over the next two years.
	HMRC highlights Corporation Tax changes HM Revenue and Customs (HMRC) has reminded UK businesses of the changes to Corporation Tax that will come into effect next month.
	Big businesses 'avoiding corporation tax' Many large businesses are not paying any corporation tax whatsoever, an influential committee of MPs has discovered.
	Civil servants get tax breaks paid for by taxpayers An investigation by a newspaper has found that taxpayers are picking up the tab for some tax perks given to the most senior civil servants in the country.