Corporation Tax
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Years to 31.3.11 and 31.3.10
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Profits Band
£
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Rate
%
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Small companies rate
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0 - 300,000
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21*
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Marginal (small companies) rate
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300,001 - 1,500,000
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29.75*
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Full rate
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Over 1,500,000
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28*
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Small companies fraction
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7/400*
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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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