Has the 25% corporation tax rate been enacted?

As of April 2023, corporation tax increased from 19% to 25% for all companies with profits greater than £250,000 per year. A new small profits rate was also introduced for companies whose profits are below £50,000 per year. This new rate currently sits at 19%. For companies with profits between £50,000 and £250,000 a system of marginal relief will apply. Use the government’s marginal relief calculator if you fall into this bracket: Calculate Marginal Relief.