Corporation Tax

go site  

Corporation Tax On Profits - £ per year (unless stated)
RateFinancial Year to 31/3/2013Financial Year to 31/3/2012
Small companies rate 20% on first £300,000 20% on first £300,000
Marginal relief 300,001 - 1,500,000 300,001 - 1,500,000
Marginal relief fraction 1/200 3/200
Effective marginal rate 25% 27.5%
Main rate 24% on £1,500,001 or more 26% on £1,500,001 or more
The profits limits are reduced for accounting periods of less than 12 months and for a company with associated companies.
It has been announced the main companies rate will decrease to 23% from 1st April 2013 and 21% from 1st April 2014.