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.
Tax Rates and Allowances
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