Tax rate: Difference between revisions
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imported>Doug Williamson (Update example.) |
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== See also == | == See also == | ||
* [[Corporation Tax]] | * [[Corporation Tax]] | ||
* [[Global minimum tax rate]] | |||
* [[Tax yield]] | |||
* [[Taxable profits]] | * [[Taxable profits]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 21:30, 12 June 2021
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.
