Tax rate: Difference between revisions
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imported>Doug Williamson (Source: HMRC website https://www.gov.uk/corporation-tax-rates) |
imported>Doug Williamson (Add link.) |
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A proportion - usually expressed as a percentage - applied to a taxable amount to calculate the amount of tax payable. | A proportion - usually expressed as a percentage - applied to a taxable amount to calculate the amount of tax payable. | ||
For example, the | For example, if the tax rate is 20% and taxable profits are £100m, then the tax payable is £20m. | ||
== See also == | == See also == | ||
* [[Corporation Tax]] | * [[Corporation Tax]] | ||
* [[Global minimum corporate tax rate]] | |||
* [[Laffer curve]] | |||
* [[Tax ]] | |||
* [[Tax yield]] | |||
* [[Taxable profits]] | * [[Taxable profits]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 10:54, 7 December 2022
A proportion - usually expressed as a percentage - applied to a taxable amount to calculate the amount of tax payable.
For example, if the tax rate is 20% and taxable profits are £100m, then the tax payable is £20m.
