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tax table

corporation tax rates

Corporation Tax Rates

Financial Year Commencing 1st April	2006	2005
Starting Rate	N/A	0%
First Relevant Amount	N/A	£10,000
Second Relevant Amount	N/A	£50,000
Marginal Relief Fraction	N/A	19/400
Small Companies Rate	19%	19%
Lower Relevant Amount	£300,000	£300,000
Upper Relevant Amount	£1,500,000	£1,500,000
Marginal Relief Fraction	11/400	11/400
Corporation Tax Full Rate	30%	30%

 

The above limits are reduced proportionately where the accounting period is less than twelve months, and where there are associated companies.

 

Until 2006, dividends paid out to non-corporate shareholders affected the rate of tax applied to businesses with profits of less than £50,000.