View our full Glossary of accounting & payroll terms Visit full glossary Glossary definition What is corporation tax? Corporation tax is the tax applied to business profits and capital gains made by a business. Recommended Next Read April 16, 2024 Cash basis changes in 2024: What they mean for businesses Related topics Tax Search Search for: See this term in action 16 April, 2024 9 min read New tax year: Key changes and initiatives for 2024/25 2 April, 2024 7 min read What the VAT registration threshold rise means for businesses 13 March, 2024 11 min read How to manage your accounts and bookkeeping as a sole trader Learn more about this definition and others Featured reading 11 March, 2024 11 min read Spring Budget 2024: What the announcements mean for your business 7 December, 2023 11 min read HR trends in 2024: Everything HR leaders need to know 22 December, 2023 17 min read The top 14 finance trends in 2024: Everything CFOs need to know Popular termsWhat is global human resources management?What is an invoice payment?What is a P32?What is opening balance?