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Home  Business Resources Tax
Tables Corporation
Tax
Corporation Tax
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Profits exceeding £1,500,000 (standard rate) |
28% |
30% |
Profits under £300,000 (small companies rate) |
21% |
20% |
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Marginal relief fraction |
7/400 |
1/40 |
Effective marginal rate on profits between £300,000 and £1,500,000 |
29.75% |
32.75% |
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Note that for close investment holding companies the
30% rate will apply regardless of profit levels. |
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