Corporation Tax is the tax of the profits and capital gains of a limited company, as well as some other types of organisations. Franklin Underwood have a team of corporation tax experts who are available to assist you with your taxation management, ensuring that you comply with legislation.
|Corporation Tax rate||19%||19%|
|Research and development relief||From 1.4.2018||From 1.4.2017|
|SME enhanced expenditure
|Large company R&D Expenditure
Credit (RDEC) scheme**
* Additional deduction for qualifying R&D
**T axable expenditure credit for qualifying R&D
SMEs that make losses can surrender the deduction to HMRC in exchange for a payment of 14.5% of the loss.