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Corporation Tax

Coins
Corporation Tax On Profits - £ per year (unless stated)
 
 
Financial Year to 31/3/2008
Financial Year to 31/3/2007
Small companies rate
20% on first £300,000
19% on first £300,000
Marginal relief
300,001 - 1,500,000
300,001 - 1,500,000
Marginal relief fraction
1/40
11/400
Effective marginal rate
32.5%
32.75%
Main rate
30% on 1,500,001 or more
30% on 1,500,001 or more
The profits limits are reduced for accounting periods of less than 12 months and for a company with associated companies.

 
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