This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our privacy notice.

New HSCL and corporation tax rates: What are the implications?

Shared from Tax Insider: New HSCL and corporation tax rates: What are the implications?
By Lee Sharpe, January 2022

Lee Sharpe considers the effect of the health and social care levy on owner-managed businesses in light of the scheduled rise in corporation tax rates. 

Owner-managed business (OMB) taxation is set for some quite significant changes over the next year or so, with the March 2021 Budget announcing changes to corporation tax from 1 April 2023, and the new health and social care levy (HSCL) planned from April 2022.  

Looking at corporation tax first: 

Profits £0 - £50,000 


Profits £50,001 - £250,000 

26.5% (marginal rate) 

Profits £250,000+ 


Note in

This is one of our 2242 Premium articles

To see this article in full and unlock access to our complete library of 2242 articles click 'subscribe & unlock' below:

Subscriptions include a 14 day free trial
+ money back satisfaction guarantee

Begin your tax saving journey today

Each month our tax experts reveal FREE tax strategies to help minimise your taxes.

To get Tax Insider tips and updates delivered to your inbox every month simply enter your name and email address below:

Thank you
Thank you for signing up to hear from us!