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