Finland vs United Kingdom

20

1. Companies with profits exceeding £250,000 are subject to a main rate of 25% (effective from 1 April 2023).
2. Companies with profits not exceeding £50,000 are subject to a small profits rate of 19% (effective from 1 April 2023).
3. A tapered tax rate applies to profits falling between £50,000 and £250,000.

Four months from the end of the accounting period.

Tax returns need to be submitted within one year after the end of the accounting period.

Taxpayers can apply to modify the prepayment of tax until the tax assessment is completed (within ten months from the end of the fiscal year). The deadline for the final CIT payment is the third day of the second month after the completion of the tax assessment for the current year.

According to the scale of the payment company, there may be differences. For more information, please refer to the UK company summary.

The company's prepayment of taxes is collected in two installments or 12 installments during the tax year. If the total amount to be paid does not exceed 2000 euros, the installments will be due in the third and ninth months of the accounting period. If the total amount to be paid exceeds 2000 euros, the installments will be due monthly (on the 23rd of each month). The tax authorities can collect or increase prepayment of taxes without application within two months after the end of the fiscal year. The tax authorities may reduce or cancel prepayment of taxes (with or without the taxpayer's application) until the tax assessment is completed.

According to the scale of the payment company, there may be differences. For more information, please refer to the UK company summary.

0/0/0

0/20/20

20/0/15

0/20/20

25.5

20

Capital gains are constrained by the normal corporate income tax rate.

Capital gains are subject to the regular corporate tax rate.

19.71%

22.55

22.6%

11.51