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Corporation Tax
November 17, 2011
|
Year to 31.3.12 |
|
Year to 31.3.11 |
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|
Profits band |
Rate |
|
Profits band |
Rate |
|
| Small companies rate |
0 – 300,000 |
20* |
|
0 – 300,000 |
21* |
| Marginal (small companies) rate |
300,001 – 1,500,000 |
27.5* |
|
300,001 – 1,500,000 |
29.75* |
| Main rate |
Over 1,500,000 |
26* |
|
Over 1,500,000 |
28* |
| Standard fraction | 3/200* |
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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