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Home > Useful Information > Tax Rates and Allowances > Corporation Tax

Corporation Tax

    2011/12 2010/11
 
Profits band
£
Rate
%
Rate
%
Small profits rate
0 - 300,000
20*
21*
Marginal rate
300,001 - 1,500,000
27.5*
29.75*
Main rate
Over 1,500,000
26*
28*
Marginal relief 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.


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