Corporation Tax

 

Years to 31.3.12

Years to 31.3.11
  Profits band
£		 Rate
%		 Profits band
£		 Rate
%
Small profits rate 0 - 300,000 20* 0 - 300,000 21*
Marginal (small profits) rate 300,001 - 1,500,000 27.5* 300,001 - 1,500,000 29.75*
Main rate Over 1,500,000 26* Over 1,500,000 28*
Standard fraction   3/200*   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.