Title: Taxation in the United Kingdom
Content:   Corporation tax is a tax levied in the United Kingdom on the profits made by companies and on the profits of permanent establishments of non-UK resident companies and associations that trade in the EU. Corporation tax forms the fourth-largest source of government revenue (after income, NIC, and VAT). Prior to the tax's enactment on 1 April 1965, companies and individuals paid the same income tax, with an additional profits tax levied on companies. The Finance Act 1965 replaced this structure for companies and associations with a single corporate tax, which borrowed its basic structure and rules from the income tax system. Since 1997, the United Kingdom's Tax Law Rewrite Project has been modernising the United Kingdom's tax legislation, starting with income tax, while the legislation imposing corporation tax has itself been amended; the rules governing income tax and corporation tax have thus diverged.
Title: Corporate tax
Content: Australia: 28.5%, however some specialized entities are taxed at lower rates. ; Canada: Federal 11%, or Federal 15% plus provincial 1% to 16%.  Note: the rates are additive. ; Hong Kong: 16.5% ; Ireland: 12.5% on trading (business) income, and 25% on non-trading income. ; New Zealand: 28% ; Singapore: 17% from 2010, however a partial exemption scheme may apply to new companies. ; United Kingdom: 20% to 21% for 2014–2015. ; United Kingdom: 20% for 2016 ; United Kingdom: 19% for 2017–2021. Although the UK corporation tax rate remains unchanged at 19% after Brexit. UK businesses still suffer from other fundamental changes in terms of taxation. ; United States: Federal 21%. States: 0% to 10%, deductible in computing Federal taxable income. Some cities:  up to 9%, deductible in computing Federal taxable income.  The Federal Alternative Minimum Tax of 
Title: United Kingdom enterprise law
Content:  additional rate. This is mirrored in the lower rates of Corporation Tax Act 2010. For corporate profits, the main rate of tax is 19% in 2020. This has been reduced from 28% since 2010, and from at 52% in 1982 with a lower rate of 38% for small companies. Under the Taxation of Chargeable Gains Act 1992 an additional tax on capital gains is charged at 18% for residential property, and 10% for other assets, for those still within the basic rate of income, and 28% and 20% for those in the higher or additional rates. Third, the rate of Value Added Tax stands at 20% in 
Title: United Kingdom corporation tax
Content:  On its introduction in 1965, corporation tax was charged at 40%, rising to 45% in the 1969 Budget. The rate then fell to 42.5% in the second Budget of 1970 and 40% in 1971. In 1973, alongside the introduction of advance corporation tax (ACT), Conservative chancellor Anthony Barber created a main rate of 52%, together with a smaller companies' rate of 42%. This apparent increase was negated by the fact that under the ACT scheme, dividends were no longer subject to income tax. The 1979 Conservative Budget of Geoffrey Howe cut the small companies' rate to 40%, followed by a further cut in the 1982 Budget to 38%. The Budgets of 1983–1988 saw sharp cuts in both main and small companies' rates, falling to 35% and 25% respectively. Budgets between 1988 and 2001 brought further falls to a 30% main rate and 19% small companies' rates. From April 1983 to March 1997 the small companies' rate was pegged to the basic rate of income tax. During the 1980s there was briefly a higher rate of tax imposed for capital profits.
Title: United Kingdom corporation tax
Content: Throughout this article, the term "pound" and the £ symbol refer to the Pound sterling.  Corporation tax in the United Kingdom is a corporate tax levied in on the profits made by UK-resident companies and on the profits of entities registered overseas with permanent establishments in the UK. Until 1 April 1965, companies were taxed at the same income tax rates as individual taxpayers, with an additional profits tax levied on companies. Finance Act 1965 replaced this structure for companies and associations with a single corporate tax, which took its basic structure and rules from the income tax system. Since 1997, the 
Title: United Kingdom corporation tax
Content:  less than twelve months. From 2005 onwards, for tax payable on oil and gas extraction profits, the third and fourth quarterly instalments are merged, including the supplementary 10% charge. In the financial year 2004–2005, approximately 39,000 companies paid corporation tax at the main rate. These 4.7% of active companies are responsible for 75% of all corporation tax receipts. Around 224,000 companies paid the small companies rate, with 34,000 benefiting from marginal relief. 264,000 were in the starting rate, with 269,000 benefiting from the lower band of marginal relief. The total revenue was £41.9bn from 831,885 companies. Only 23480 companies had a liability in excess of £100,000.
Title: United Kingdom corporation tax
Content:  1973, under which an individual receiving a dividend became entitled to an income tax credit representing the corporation tax already paid by the company paying the dividend. The classical system was reintroduced in 1999, with the abolition of advance corporation tax and of repayable dividend tax credits. Another change saw the single main rate of tax split into three. Tax competition between jurisdictions reduced the main corporate tax rate from 28% in 2008–2010 to a flat rate of 19% as of April 2021. The UK government faced problems with its corporate tax structure, including European Court of Justice judgements that aspects 
Title: United Kingdom corporation tax
Content:  = £24,657.53 in FY06 (there are 90 days between 1 January and 31 March), and 275/365*£100,000=£75,34.47 in FY07, and would pay 19% on the FY06 portion, and 20% on the FY07 portion. From 1 April 2010 HM Revenue & Customs updated their terminology and the former Small Companies' Rate is now called Small Profits Rate. Notes: Most companies are required to pay tax nine months and a day after the end of an accounting period. Larger companies are required to pay quarterly instalments, in the seventh, tenth, thirteenth and sixteenth months after a full accounting period starts. These times are modified where an accounting period lasts 
Title: Corporate haven
Content:  headquarters. A loose regime for "controlled foreign corporations" makes it easy for British-registered businesses to park profits offshore. Tax breaks on income from patents [IP] are more generous than almost anywhere else. Britain has more tax treaties than any of the three countries [Netherlands, Luxembourg, and Ireland] on the naughty step—and an ever-falling corporate-tax rate. In many ways, Britain is leading the race to the bottom." The U.K.'s successful transformation from "donor" to corporate tax havens, to a major global corporate tax haven in its own right, was quoted as a blueprint for type of changes that the U.S. needed to make in the Tax Cuts and Jobs Act of 2017 tax reforms (e.g. territorial system, lower headline rate, benefitial IP-rate).
Title: United Kingdom corporation tax
Content:  Chancellor Gordon Brown's 1999 Budget introduced a 10% starting rate for profits from £0 to £10,000, effective from April 2000. Marginal relief applied meaning companies with profits of between £10,000 and £50,000 paid a rate between the starting rate and the small companies' rate (19% in 2000). The 2002 Budget cut the starting rate to zero, with marginal relief applying in the same way. This caused a significant increase in the number of companies being incorporated, as businesses that had operated as self-employed, paying income tax on profits from just over £5,000, were attracted to the corporation tax rate of 0% on income up to £10,000. Previously 

Question: what is the corporate tax rate in great britain?
Answer: 20%.