Maidment Judd Chartered Accountants
   Telephone (01582) 469500
 

05/06 Corporation Tax
Years to 31.3.05 and 31.3.04
Profits Band
£
Rate
%
Starting rate
0 - 10,000
0*
Marginal (starting) rate
10,001 - 50,000
23.75
Small companies rate
50,001 - 300,000
19
Marginal (small companies) rate
300,001 - 1,500,000
32.75
Full rate
Over 1,500,000
30
Starting rate fraction
19/400
Small companies fraction
11/400


*Minimum rate of 19% will apply when profits are distributed to non-company shareholders.

The profits limits are reduced for accounting periods of less than 12 months and for a company with associated companies.

 

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