| Financial Year 2022 to 2022 | Financial Year 2023 to 2023 | Financial Year 2024 to 2024 | |
|---|---|---|---|
| Plant and machinery: main rate expenditure | 18% | 18% | 18% |
| Plant and machinery: special rate expenditure | 6% | 6% | 6% |
| Structures and Buildings Allowances(SBA) | 3% | 3% | 3% |
| Structures and Buildings Allowances(SBA)-Investment zone | 10% | 10% | 10% |
| Annual Investment Allowance | £1million | £1million | £1million |
| First Year Allowance | 100% | 100% | 100% |
| Full Expensing: Main rate expenditures | 0% | 0% | 100% |
| Full Expensing: Special rate expenditure | 0% | 0% | 50% |
| R&D tax credits SME scheme | 230% | 230% | 230% |
| R&D SME payable credit | 14.50% | 14.50% | 14.50% |
| R&D Expenditure Credit | 13% | 13% | 13% |
| Patent Box | 10% | 10% | 10% |
| Film tax relief | 25% | 25% | 25% |
| High-end TV tax relief | 25% | 25% | 25% |
| Videogames tax relief | 25% | 25% | 25% |
| Open ended investment companies and authorised unit trusts | 20% | 20% | 20% |
| Main rate- for profits above £250,000 | 19% | 25% | 25% |
| Small profit rate- Companies with profits of £50,000 or less. | 19% | 19% | 19% |
| Small profit limit | £50,000 | £50,000 | |
| Marginal rate limit | £250,000 | £250,000 | |
| Marginal relief fraction | 3/200 | 3/200 |
Resource Type