corporation tax

British  

noun

1. a British tax on the profits of a company or other incorporated body

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Example Sentences

The Done brothers, who nearly doubled their tax bill from £273.4m last year earlier, joined many on the list paying more after changes to corporation tax rates and other taxes by the Labour government in a bid to support higher welfare spending.

From BBC

Oil and gas firms operating in the North Sea pay a 30% corporation tax on their profits and a supplementary 10% rate on top of that.

From BBC

This is higher than the 25% corporation tax paid by other large companies.

From BBC

"This comes on top of our efforts to help more venues offer pavement drinks and put on one-off events, maintaining our cut to alcohol duty on draught pints, and capping Corporation Tax," he said.

From BBC

A Department for Work and Pensions spokesperson said the Budget doubled down on its work to grow the economy and create good jobs by maintaining the cap on corporation tax at 25%, supporting high streets with permanently lower tax rates and making it easier for start-ups to scale and invest in the UK.

From BBC