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An introduction to business tax

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An introduction to business tax

Key learnings

  • The business tax you have to pay depends on the legal structure of your company.
  • Keeping money to one side for paying business tax is good financial management. 
  • Limited companies pay corporation tax. The main rate of corporation tax is 25%.

Understanding your tax liabilities as a business owner is a critical part of good financial management. There are many different taxes you might have to pay depending on the legal structure of the company. Preparing for business tax ahead of time can help you prevent cash flow issues down the line. In this guide, we talk through the basics of business tax and explain who has to pay what and when.  

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