Corporation tax calculator

This calculator provides an estimate based on the revenue and expenses you enter. Your actual Corporation Tax liability is based on taxable profit, which may differ from your accounting profit. The calculation may need to add back costs such as depreciation and client entertainment, and deduct eligible capital allowances and other reliefs. Contact us to discuss the adjustments that apply to your business.

1. Your situation

Revenue

Expenses

2. Tax and profit

Total revenue

£10,000

£3,000 expenses

−

Tax to pay

£1,330

What you're left with

£5,670

How your corporation tax is calculated

The total corporation tax you owe depends on two things:

Your business income
Your business expenses

Your total taxable earnings (income minus expenses) determine how much Corporation Tax you'll need to pay and whether you'll get any marginal relief.

Separately, Profit Chargeable to Corporation Tax (PCTCT) must include add backs and deductions such as depreciation, entertainment and capital allowances and the tax payable will be impacted by the number of associated companies.

Please contact the office for further information or read more about it in this guide here: Corporation Tax.

In your case, where your total income was £10,000 and your expenses were £3,000, your total taxable income, or profit, was £7,000.

Corporation tax breakdown

You pay 19% on your total earnings of £7,000.

This leaves you with £1,330 tax to pay.

The total Corporation Tax you pay is £1,330

Important Disclaimer

These calculators are provided for general guidance only and are intended to give an indicative estimate based on the information entered. They should not be relied upon as a substitute for professional advice.

Individual circumstances may vary and the results may be affected by factors not included within the calculator. Tax legislation, HMRC guidance, rates, allowances and thresholds are subject to change and may differ from those applied within the calculator.

We do not accept responsibility for any loss arising from reliance on the results produced. If you require advice tailored to your specific circumstances, please contact our office before taking any action.

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