Corporation Tax, in simple terms, is a tax levied on the profits of a corporation. In the UK, this tax applies to all limited companies, foreign companies with a UK branch or office, and unincorporated associations such as clubs and cooperatives. It’s like income tax for companies, but instead of being based on personal income, it’s based on business profits. Read more - https://medium.com/@ukproperty.demo/what-is-corporation-tax-uk-property-accountants-4277a02a7aea