|
Online Resources > Tax Rates & Allowances >
Corporation Tax
|
| Corporation
Tax On Profits - £ per year (unless stated) |
| |
Financial
Year to 31/3/2009 |
Financial
Year to 31/3/2008 |
| Small
companies rate |
21% on first £300,000 |
20% on first £300,000 |
| Marginal relief |
300,001
- 1,500,000 |
300,001
- 1,500,000 |
Marginal
relief fraction |
7/400 |
1/40 |
Effective
marginal rate |
29.75% |
32.5% |
| Main
rate |
28% 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. |
|
