Corporation Tax Rates
|Year to 31 March||2013||2014||2015|
|£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.