Tax Rates >> Corporation Tax

Corporation Tax


Corporation Tax On Profits - £ per year (unless stated)

Rate 2013-14 2012-13
Small companies rate 20% on first 300,000 20% on first 300,000
Marginal relief 300,001 - 1,500,000 300,001 - 1,500,000
Marginal relief fraction 3/400 1/100
Effective marginal rate 23.75% 25%
Main rate 23% on 1,500,001 or more 24% on 1,500,001 or more


The profits limits are reduced for accounting periods of less than 12 months and for a company with associated companies

It has been announced the main companies rate will decrease to 25% for the year to 31/3/2013, 24% for the year to 31/3/2014 and 23% for the year to 31/3/2015