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Menu of rates »
Corporation Tax
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Year to 31.3.14 |
Year to 31.3.13 |
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Profits band
£ |
Rate
% |
Profits band
£ |
Rate
% |
| Small profits rate |
0 - 300,000 |
20* |
0 - 300,000 |
20* |
| Marginal (small profits) rate |
300,001 - 1,500,000 |
23.75* |
300,001 - 1,500,000 |
25* |
| Main rate |
Over 1,500,000 |
23* |
Over 1,500,000 |
24* |
| Standard fraction |
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3/400* |
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1/100* |
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.
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