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CTM03920 | Small profits rate: financial year 2023 onwards: no associated companies: profits not exceeding the lower limit

From HM Revenue & Customs · Company Taxation Manual

Where in any accounting period of twelve months:

  • a company has no associated companies (CTM03940) , and

  • its augmented profits for that accounting period (CTM03915) do not exceed the lower limit

the CT on its total taxable profits is charged at the standard small profits CT rate.