2019 Corporation Tax Example for £10,000.00 Profit

This simple £10,000.00 corporation tax example is designed to illustrate how corporation tax is calculated in 2019. If you wish to calculate your corporation tax for any tax years preceding 2015, we suggest you use our detailed legacy corporation tax calculator for Scotland. For all tax years from 2015 onwards, use our latest corporation tax calculator which is updated for corporation tax rates up to and including the 2020 tax year which runs from 1st April 2020 to the 31st March 2021.

Please note that this corporation tax example assumes that the companies financial year is aligned with the Scottish tax year. This is to provide a simple illustration of how corporation tax is calculated. Most companies in Scotland have accounting years which are different to the Scottish tax year. In these cases, the corporation tax is calculated pro-rata with the profits share from each tax year taxed at the appropriate corporation tax rate. You can use the Corporation tax calculator to calculate corporation tax in this way, the calculator provides a detailed, step-by-step guide to calculating corporation tax when the financial year bridges two tax years

2019 Corporation Tax Calculation based on Standard Tax Year
£10,000.00Annual Reported Profits between the 1st April 2019 to the 31st March 2020
x19%Corporation Tax Rate in 2019

=£1,900.00Corporation tax due in 2019

How did we calculate your Corporation Tax in 2019?

We used the following criteria to calculate your corporation tax:

  1. You have used the standard tax year as your companies financial years for corporation tax purposes in 2019. This means that your companies financial year runs from April 2019 to the 31st March 2020. As such, only one corporation tax rate is applied against your companies annual profits.
  2. We used the 2019 tax year for this corporation tax calculation
  3. We used reported profits of £10,000.00 for this corporation tax calculation
  4. We used a corporation tax rate of 19% for this corporation tax calculation, that is the corporation tax rate set by HMRC for 2019

Corporation Tax formula in 2019?

CT = P x CTR


  • CT = Corporation Tax due to HMRC
  • P = Declared Profits
  • CTR = Corporation Tax Rate as set by HMRC for the 2019 tax year

So, in this corporation tax scenario:

CT = £10,000.00 x 19%
CT = £1,900.00

The Corporation tax due to HMRC in 2019 for annual profits of £10,000.00 is £1,900.00.

Did you find this corporation tax example useful?

If you found the Corporation Tax example for £10,000.00 profits in 2019 useful, please vote and / or share below as it helps us to shape future developments and keep iCalculators Scotland Salary and Scotland Tax Calculators free for all to use, without your support, we may need to close down this service or charge for it in the future, please help us to keep this free for all to use.

[ No Votes ]

Corporation Tax Further Reading

The following articles are particularly useful for understanding how corporation tax is calculated and how to calculate corporation tax manually.