CTM03935 | Small profits rate: financial year 2023 onwards: company with associated companies

Where in any accounting period a company has one or more associated companies, the upper and lower limits are divided by the total number of associated companies, that is, one plus the number of companies associated with the subject company. Therefore, if the company has three associated companies and its accounting period is for the twelve months to 31 March 2024, the lower and upper limits are

Lower limit £50,000 / 4 = £12,500

Upper limit £250,000 / 4 = £62,500

Where the accounting period is less than twelve months, these figures are proportionately reduced. See CTM03930.