Corporation Tax Rates
Year to 31 March | 2013 | 2014 | 2015 |
Taxable profits | % | % | % |
£0-£300,000 – small profits rate | 20 | 20 | 20 |
£300,001 – £1,500,000 – marginal rate | 25 | 23.75 | 21.25 |
Over £1,500,000 – main rate | 24 | 23 | 21 |
The profit limits are reduced for accounting periods of less than twelve months and for a company with associated companies.
Different rates apply for ring-fenced (broadly oil industry) profit.