Corporation Tax: Tax Rates and Bands

Treasury written question – answered at on 23 October 2023.

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Photo of Jim Shannon Jim Shannon Shadow DUP Spokesperson (Human Rights), Shadow DUP Spokesperson (Health)

To ask the Chancellor of the Exchequer, whether he has made an estimate of the number of large businesses paying into the highest bracket of corporation tax in calendar years (a) 2022 and (b) 2023.

Photo of Victoria Atkins Victoria Atkins The Financial Secretary to the Treasury

When the Corporation Tax rate change was announced at Budget 2021 it was estimated that around 200,000 companies would pay the 25% rate.

Estimates of actual numbers paying the main rate will be published once data is available.

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