Effective marginal rate
on profits
between
£10,001 and £50,000 *
N/A
23.75%
Marginal relief fraction
N/A
19/400
£50,001
and £300,000
£0 and
£300,000
N/A
19%
19%
N/A
Effective marginal rate
on profits
between
£300,000 and £1,500,000
32.75%
32.75%
Marginal relief fraction
11/400
11/400
Full rate of tax always
applies to close investment holding companies. From the
financial year 2006/07, the starting rate and non-corporate
distribution rate is replace with a single banding for small
companies set at 19%
