Please contact us if you have any questions

Tax Rates & Allowances

Menu of rates »

Corporation Tax

 

Years to 31.3.13

Years to 31.3.12

  Profits band
£
Rate
%
Profits band
£
Rate
%
Small profits rate 0 - 300,000 20* 0 - 300,000 20*
Marginal (small profits) rate 300,001 - 1,500,000 25* 300,001 - 1,500,000 27.5*
Main rate Over 1,500,000 24* Over 1,500,000 26*
Standard fraction   1/100*   3/200*

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.