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Menu of rates »
Corporation Tax
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Years to 31.3.12 |
Years to 31.3.11 |
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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 |
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3/200* |
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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.
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