Corporation Tax


Financial Year

 

2010/11

2009/10

Profits exceeding £1,500,000 (standard rate)

28%

28%

Profits under £300,000 (small companies rate)

21%

21%

 

 

 

Marginal relief fraction

7/400

7/400

Effective marginal rate on profits between £300,000 and £1,500,000

29.75%

29.75%

 

 

 

Note that for close investment holding companies the 28% rate will apply regardless of profit levels.


 
 

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