Home 
Resource Centre Business Fact Sheets Tax Fact Sheets Corporation Tax
Tax Tables
Corporation Tax
|
Financial Year |
|||
|
2012/13 |
2011/12 |
||
Profits exceeding £1,500,000 (standard rate) |
24% |
26% |
||
Profits under £300,000 (small companies rate) |
20% |
20% |
||
|
|
|
||
Marginal relief fraction |
1/100 |
3/200 |
||
Effective marginal rate on profits between £300,000 and £1,500,000 |
25.00% |
27.5% |
||
|
|
|
||
Note that for close investment holding companies the standard rate will normally apply regardless of profit levels. |
||||
© 2012