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Corporation Tax
Financial Year Beginning on 1 April |
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2012 |
2011 |
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Profits exceeding £1,500,000 (standard rate) |
25% |
26% |
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Profits under £300,000 (small companies rate) |
20% |
20% |
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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 |
24.0% |
27.5% |
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Note that for close investment holding companies the standard rate will apply regardless of profit levels. |
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