What is the corporation tax rate that nearly all funds pay on income?

The corporation tax rate that nearly all funds pay on income is indeed 20%. This rate applies to the majority of corporations in the UK as part of the tax regime designed to ensure that businesses contribute fairly to public finances. The 20% rate has been a standard for many years and reflects the government's strategy to balance encouraging business investment while ensuring sufficient tax revenue.

This rate is particularly relevant for funds and corporations as they are required to account for their income and profits subject to corporation tax, thereby impacting their overall financial management and investment strategies. Understanding this rate helps in the financial planning and forecasting processes for businesses, ensuring they remain compliant with tax obligations.