After a slow uptake in MTD, HMRC is set to automatically enrol people from September
19 August 2026
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Corporation Tax
Corporation tax rates |
2026/27 |
2025/26 |
2024/25 |
| Main rate | 25% | 25% | 25% |
| Small profits rate | 19% | 19% | 19% |
| Lower threshold | £50,000 | £50,000 | £50,000 |
| Upper threshold | £250,000 | £250,000 | £250,000 |
| Marginal relief standard fraction | 3/200ths | 3/200ths | 3/200ths |
Corporation tax allowances and reliefs |
2026/27 |
2025/26 |
2024/25 |
| R&D intensive SME additional deduction | 86% | 86% | 186% |
| R&D intensive SME payable credit rate | 14.50% | 14.50% | 14.50% |
| R&D intensive SME intensity ratio threshold | 30% | 30% | 30% |
| R&D expenditure credit | 20% | 20% | 20% |
| Patent box | 10% | 10% | 10% |
| Film tax relief | 25% | 25% | 25% or 34% |
| Audio-visual and video game expenditure credit | 34%, 39% or 53% | 34%, 39% or 53% | N/A |
| High-end TV tax relief | 25% | 25% | 25% or 34% |
| Videogames tax relief | 25% | 25% | 25% or 34% |
| Animation tax relief | 25% | 25% | 25% or 39% |
| Children’s TV tax relief | 25% | 25% | 25% or 39% |
| Open ended investment companies and authorised unit trusts | 20% | 20% | 20% |
© 2026
