Home 
Resource Centre Tax
Tables Corporation
Tax
Tax Tables
Corporation Tax
|
Financial Year |
|||
|
2008/09 |
2007/08 |
||
Profits exceeding £1,500,000 (standard rate) |
28% |
30% |
||
Profits under £300,000 (small companies rate) |
21% |
20% |
||
|
|
|
||
Marginal relief fraction |
1/40 |
1/40 |
||
Effective marginal rate on profits between £300,000 and £1,500,000 |
29.75% |
32.50% |
||
|
|
|
||
Note that for close investment holding companies the 30% rate will apply regardless of profit levels. |
||||
