Corporation Tax
| |
Years to 31.3.11 and 31.3.10 |
| |
Profits band
£ |
Rate
% |
| Small companies rate |
0 - 300,000 |
21* |
| Marginal (small companies) rate |
300,001 - 1,500,000 |
29.75* |
| Full rate |
Over 1,500,000 |
28* |
| Small companies fraction |
|
7/400* |
The profits limits are reduced for accounting periods of less than 12 months and for a company with associated companies.
*Different rates apply for ring-fenced (broadly oil industry) profit. |
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