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Corporation Tax...

Rate

2012

2013

2014

Small profits rate*

20%*

20%*

20%*

Small profits rate can be claimed by qualifying companies with profits at a rate not exceeding the following:

£300,000

£300,000

£300,000

Marginal Relief Lower Limit

£300,000

£300,000

£300,000

Marginal Relief Upper Limit

£1,500,000

£1,500,000

£1,500,000

Standard fraction

1/100

3/400

1/400

Main rate of Corporation Tax*

24%*

23%*

21%*

Special rate for unit trusts and open-ended investment companies as follows:

20%

20%*

20%*