Corporation Tax 2015/16

Year to 31.3.16

Profits band

£

Rate

%

All profits 20

Year to 31.3.15

Profits band
£
Rate
%
0 – 300,000 20*
300,001 – 1,500,000 21.25*
Over 1,500,000 21*
Standard fraction 1/400*

*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.