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Page 22 of 37 
Budget 2008
Corporation Tax
| Year to |
31 March 2009 |
31 March 2008 |
Small companies rate* |
21% |
20% |
| 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 |
9¾% |
32½% |
| Marginal relief fraction |
7/400 |
1/40 |
| Full Rate |
28% |
30% |
* Not available to close investment hol ing companies.
† Profit limits re uce pro rata for a company in a group or with associate companies.
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