Corporation Tax Rates
Corporation tax rates and bands are as follows:
|Rates for financial years starting on 1 April|
|Small Profits Rate*||21%*||20%*||20%*|
|Small Profits Rate can be claimed by qualifying companies with profits at a rate not exceeding||£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|
|Main rate of Corporation Tax*||28%*||26%*||24%*||23%*|
|Special rate for unit trusts and open-ended investment companies||20%||20%||20%|
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