You may assume that SMEs would pay comparably less corporation tax than larger businesses. However, information from accountants Moore Stephens found that they paid more in 2016.
The corporation tax paid by SMEs in 2016 was 21.7% while businesses that have a turnover of more than £1bn paid an effective corporation tax rate of 20.1%, showing a reversal of previous results.
Read why SMEs often pay more corporation tax than they should in full.
