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Corporation Tax

Coins
Corporation Tax On Profits - £ per year (unless stated)
 
 
Financial Year to 31/3/2009
Financial Year to 31/3/2008
Small companies rate
21% on first £300,000
20% on first £300,000
Marginal relief
300,001 - 1,500,000
300,001 - 1,500,000
Marginal relief fraction
7/400
1/40
Effective marginal rate
29.75%
32.5%
Main rate
28% on 1,500,001 or more
30% 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.