What is the current main rate of Corporation Tax in the UK?

The main rate of Corporation Tax in the UK is currently set at 19%. This rate has been established to provide a stable environment for businesses, encouraging growth and investment. It is important to note that previous rates have varied, but the 19% rate has been consistent in recent years, making it a key figure for businesses in their financial planning and tax compliance.

While the other rates presented in the choices reflect historical or proposed rates, they do not represent the current stance for Corporation Tax. For instance, the rates of 21% and 15% were applicable in earlier tax years, while the 25% rate has been discussed in relation to future fiscal policies but is not the rate applied currently. Understanding the current rate is essential for businesses to calculate their tax liabilities accurately and make informed economic decisions.