Please contact us if you have any questions

Tax Rates & Allowances

Menu of rates »

Corporation Tax

 

Year to 31.3.14

Year to 31.3.13

  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 23.75* 300,001 - 1,500,000 25*
Main rate Over 1,500,000 23* Over 1,500,000 24*
Standard fraction   3/400*   1/100*

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.