Corporation Tax
Tax Tables
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| Financial Year | ||||
| 2010/11 | 2011/12 | |||
| Profits exceeding £1,500,000 (standard rate) | 28% | 26% | ||
| Profits under £300,000 (small companies rate) | 21% | 20% | ||
| Marginal relief fraction | 7/400 | 3/200 | ||
| Effective marginal rate on profits between £300,000 and £1,500,000 | 29.75% | 27.5% | ||
| Note that for close investment holding companies the 26% rate will apply regardless of profit levels. | ||||
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