ICAEW.com works better with JavaScript enabled.

Corporation tax

Expert commentary and practical guidance from ICAEW on corporation tax within the UK tax regime

In this section

Features and articles

Reactions to the EU Commission’s company taxation proposals

The EU Commission has proposed for a common set of corporate tax rules across member states. Views expressed both by those giving evidence to the European Parliament’s subcommittee on taxation matters and CFE Tax Advisors Europe suggest that more work is required if the rules are to interact successfully with the other taxation systems that businesses face.

Corporation tax rate to increase to 25% from 1 April 2023

Following news in October 2022 that the corporation tax rate will increase to 25% from 1 April 2023, the Tax Faculty has updated this article to reflect the confirmed increase in diverted profits tax and additional details have been provided on applying the profit limits and the rules for ring fence profits.

Webinars and recordings

What is happening in the world of R&D relief?

On 23rd March 2023, we invited author, tax advice specialist and ICAEW member David O’Keeffe to take us through an exploration of the current developments in R&D relief following the recent budget announcement. Check out the webinar and a summary of key information shared during the live broadcast.

Patent Box

Are you prepared for the future of patent box relief? Find out about the changes for claims made from 1 July 2021.

Corporation tax and losses

This webinar from the Tax Faculty will cover various measures included in this year’s Finance Bill relating to SMEs and owner-managed businesses.

Managing tax risks in a complex world

Join BDO’s James Egert, Karen Riley, Steven Levine and Carrie Rutland as they take a high-level overview of the key risks that companies face in making disclosures, submitting accurate returns and applying the law correctly.

MTD for Corporation Tax

On 12 November 2020, HMRC published the long-awaited consultation on Making Tax Digital for corporation tax (CT), confirming it's plans to extend MTD to companies. In this webinar ICAEW Tax Faculty explain HMRC's plans to roll out MTD for CT.

Bloomsbury Accounting and Tax Service

Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising more than 60 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Accounting and Tax Service.

Bloomsbury Professional Tax Guide 2022/23

Comprehensive practical guide on the full range of UK taxes, containing worked examples throughout.

Capital allowances (plant and machinery)

Expert commentary on the current UK corporation tax legislation on capital allowances for plant and machinery.

Corporate tax reliefs for intellectual property

A chapter on corporate tax reliefs for intellectual property, highlighting tax planning opportunities and potential pitfalls.

Corporation tax 2022/23

Annual guide examining the rules, regulations and tax issues affecting companies in the UK.

Creative sector tax reliefs

Practical guidance on creative sector tax reliefs for film, TV, video games, theatre, orchestra, museums and galleries.

Extracting funds from the company

Chapter containing tax planning advice on extracting funds, written for anyone who advises or runs a family or owner-managed company.

Making tax digital tracker

The Tracker provides plain English guidance on the operation of MTD, with sections covering VAT, income tax, corporation tax and tax agents in relation to MTD. 

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the Acceptable usage terms.

The Library & Information Service provides a collection of eBooks as a benefit of membership. Please log in to access these titles. If you are unable to access an eBook, please see our Help and support or contact library@icaew.com.

Taxation: Finance Act 2019

The main aim of this book is to describe the UK taxation system in sufficient depth and with sufficient clarity to meet the needs of those undertaking a first course of study in taxation.

Dividends received

Outlines the provisions which exempt UK dividends from taxation under the Corporation Tax Act 2009.

Chargeable gains

Covers chargeable gains for corporation tax purposes, with additional sections on dividends received, payments to charities, distributions, computation of tax liability, losses, groups, and the way corporation tax relates to income tax.

Loan relationships

An overview of loan relationships and corporation tax, with sections on the definition of these relationships, the scope of the rules, accounting for loan relationships and the basis of taxation.

Trading income

Explains how corporation tax applies to trading income and the ways in which it differs from income taxation. Covers the annual investment allowance, first-year tax credits and capital allowances for plant and machinery.

Computation of tax liability

Summarises how corporation tax should be calculated in a given tax year, with notes on the current rates and a simple example.

Chargeable accounting periods

The chargeable accounting period (CAP) for corporation tax usually coincides with a company's accounting period. This section outlines the alternatives available and how income is allocated within periods for tax purposes.

Scope of corporation tax

Lists the kinds of companies and organisations subject to corporation tax and where they must be resident for UK tax law to apply. This section briefly summarises the arguments and precedents concerning residence for tax purposes.

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.


ICAEW REP 001-22 Corporate redomiciliation

ICAEW’s Business Law and Tax Faculties respond to BEIS and HMRC proposals to introduce a facility for companies incorporated overseas to transfer their place of registration to the UK.

Further support

Useful links

Some resources that we link to may pre-date the latest amendments to the relevant tax regulations. While these links contain useful information, please treat them with appropriate caution.

EY Tax and Law Guides

<p>Annually updated guides summarising the tax system, key tax issues, and legal matters in over 150 jurisdictions around the world. The main titles in this series: <a href="https://www.ey.com/en_gl/tax-guides/worldwide-corporate-tax-guide">Worldwide Corporate Tax Guide</a>, <a href="https://www.ey.com/en_gl/tax-guides/worldwide-personal-tax-and-immigration-guide">Worldwide Personal Tax and Immigration Guide</a>, <a href="https://www.ey.com/en_gl/tax-guides/worldwide-vat-gst-and-sales-tax-guide">Worldwide VAT, GST and Sales Tax Guide</a>.</p>

PKF Worldwide Tax Guide 2021/22

<p>Annual guide for accountancy professionals and businesses on corporate tax rates, incentives for overseas businesses, double tax treaties, and taxation of foreign source income. Coverage of 148 jurisdictions.</p>

Corporate tax and the digital economy: position paper

Paper setting out the government's view on the challenges posed by the digital economy for the corporate tax system, the international tax framework and its proposed approach. The Spring Statement 2018 update reflects feedback from stakeholders since the original consultation closed in January 2018.

Corporation Tax: HMRC manuals

HMRC internal manuals providing guidance on corporation tax relating to a wide range of business sectors and reliefs.

Corporation Tax on GOV.UK

Official guidance on corporation tax for limited companies, including preparing accounts, working out corporation tax, reliefs available, filing returns, payments and refunds.

2017 Worldwide R&D Incentives Reference Guide

Tax guide to research and development incentive regimes around the world, showing the available benefits, eligibility, the application process and IP jurisdictional requirements in 44 countries.

ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.

* Some of the content on this web page was provided by the Chartered Accountants’ Trust for Education and Research, a registered charity, which owns the library and operates it for ICAEW.