Corporation Tax

Year to 31.3.11 and 31.3.10
Profits band
£
Rate
%
Small companies rate
0 - 300,000
21*
Marginal (small companies) rate
300,001 - 1,500,000
29.75*
Full rate
Over 1,500,000
28*
Small companies fraction
7/400*

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.