Corporation Tax

  Years to 31.3.10 and 31.3.09
Profits Band
£
Rate
%
Small companies rate
Marginal (small companies) rate
Full rate
Small companies fraction
0 - 3000,000
300,001 - 1,500,000
Over 1,500,000
21*
29.75*
28*
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.

For further informtation please Click Here to visit the HM Revenue & Customs Website.

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