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Yearly update · 2023
What changed in 2023 for e-commerce companies
Retrospective edition, written in October 2026 from the public record. 2023 reminded founders that where the money sits matters as much as where the company is formed.
This page is general information and is not legal or tax advice. Rules and fees change; check the official source or a licensed professional before acting.
A bank failure tested fintech banking
Silicon Valley Bank failed on 10 March 2023. Many young companies held their funds there or at fintech platforms that relied on partner banks. Depositors were made whole, but the episode pushed founders to hold accounts at more than one institution and to understand which bank actually holds their deposits.
UK corporation tax rose
From 1 April 2023, the main rate of UK corporation tax increased from 19% to 25% for companies with profits above £250,000, with a 19% small profits rate up to £50,000 and marginal relief in between.
The UK passed its company law reform
The Economic Crime and Corporate Transparency Act received Royal Assent on 26 October 2023, giving Companies House new powers to check and challenge information. Its measures were phased in from 2024.
Other editions
What to remember
- Keep more than one banking relationship.
- UK companies with larger profits pay a higher rate since April 2023.
This page is general information, last reviewed in October 2026. It is not legal or tax advice and may not reflect the latest rules in every state. Atiko is not a law firm or an accounting firm. Please consult a licensed attorney or tax adviser about your own situation.
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