The new Corporation Tax Summary report doesn’t look right to me… my company’s year end is 31st May, so the report shows I have 305 days in the 23-24 tax year and 61 days in the 24-25 tax year. So some of my profit has been allocated to the 24-25 tax year but the report shows zero tax for this year (when I click on show calculations it says “£x at 0% (main profits rate > £0)” (I’ve replaced the actual amount with x but the zeros are what it shows).
Looking at the rates and thresholds section the main rate for 24-25 is zero. This doesn’t look to be editable? Even if the rate for that year has not yet been published by HMRC it would be better to use the same rates as the current year than zero? Thanks
