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Page 16 of 31
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
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Tax