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.
