Corporation Tax Rates

Financial Years beginning:
1 April 2011
1 April 2010
1 April 2009
1 April 2008
Profits up to £300,000
20%
21%
21%
21%
£300,001 - £1,500,000
28.75%
29.75%
29.75%
29.75%
Then £1,500,001 onwards
27%
28%
28%
28%

The above profit rate bands need to be divided by the number of associated companies for tax purposes.

The Chancellor has announced the main Corporation Tax rate will reduce by 1% each year to reach 24% by 2014.

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