Corporation Tax
|
Corporation Tax Rates for financial years starting on 1st April |
2012 |
2011 |
2010 |
|
Small Profits Rate |
20% |
21% |
|
|
Small Profits Rate can be claimed by qualifying companies with profits at a rate not exceeding |
£300,000 |
£300,000 |
|
|
Marginal Relief Lower Limit |
£300,000 |
£300,000 |
|
|
Marginal Relief Upper Limit |
£1,500,000 |
£1,500,000 |
|
|
Standard fraction |
3/200 |
7/400 |
|
|
Main rate of Corporation Tax |
25% |
26% |
28% |
|
Special rate for unit trusts and open-ended investment companies |
20% |
20% |