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Budget 2007
Corporation Tax (Corporate Tax)
| Year to | 31 March 2008 | 31 March 2007 |
| Small Companies rate 1 | 20% | 19% |
| Upper Limit | £300,000 | £300,000 |
| Marginal relief band | ||
| Lower limit | £300,000 | £300,000 |
| Upper limit | £1,500,000 | £1,500,000 |
| Marginal rate | 32½% | 32¾% |
| Marginal relief fraction | 1/40 | 11/400 |
| Full Rate | 30% | 30% |
Profit limits reduced for a company in a group or with associated companies
1 Not available to close investment holding companies
The figures shown here are subject to ammendment as the Finance Bill passes through Parliament.
This information has been prepared only as a topical guide to tax and personal financial matters. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material contained in this publication.
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