Tax Rates >> Corporation Tax
Corporation Tax
Corporation Tax On Profits - £ per year (unless stated)
| Rate | 2012-13 | 2011-12 |
|---|---|---|
| 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 | 1/100 | 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 25% for the year to 31/3/2013, 24% for the year to 31/3/2014 and 23% for the year to 31/3/2015