Corporate Tax Accountant | Corporate Tax Return

Corporate Tax in the UK is a levy charged on the profits of corporations or business firms. It is a direct tax imposed by the government and forms a significant part of the government's revenue. The tax rate varies and is determined by the UK government. The tax applies to profits from trading, investments, and chargeable gains (like selling assets for more than they cost). It is worth noting that businesses are responsible for calculating and paying this tax themselves; it is not deducted at source like personal income tax.