AAT L4 Business & Personal Tax Practice Questions - AAT Level 4 Diploma In Professional Accounting (Q2022) - Business Tax (BNTA) & Personal Tax (PNTA) Exam

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Under the FA2024 corporation tax regime, a standalone company with taxable total profits of £40,000 for the year ended 31 March 2025 pays corporation tax at which rate?

25% main rate 19% small profits rate 26.5% marginal effective rate 0% as it is below the threshold

Correct Answer:

19% small profits rate

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