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Tax Tables

Corporation Tax

 

Financial Year

 

2011/12

2010/11

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

26%

28%

Profits under £300,000 (small companies rate)

20%

21%

 

 

 

Marginal relief fraction

3/200

7/400

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

27.5%

29.75%

 

 

 

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

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