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Associated companies and impending corporation tax rate changes – what are the tax implications?
Read this article to find out the financial impact on your company should your company be ‘associated’ with another. #taximplications #associatedcompanies
New corporation tax regime
Corporation tax was reformed from 1 April 2023. Read this article to find out how your corporation tax liability will be calculated under the new rules.
Associated company rules - changes from April 2023
From 1 April 2023, the rules are changing such that the rate of corporation tax that a company pays, and when, will be dependent on the level of its profits as well as the number of its associated companies.