Corporation Tax Rates

2015/2016

All profits 20%

2014/2015

 Profit Band £Rate %
Small Companies Rate0-300,00020*
Small Companies Marginal Rate300,001 - 1,500,0021.25*
Full Rateover 1,500,00021*
Standard Fraction1/400*

2013/2014

   
Small Companies Rate0-300,00020*
Small Companies Marginal Rate300,001-1,500,00023.75*
Full Rateover 1,500,00023*
Standard Fraction3/400*

Profit band thresholds are reduced for accounting periods of less than 12 months and for companies with associated companies.

* Different rates apply for ring-fenced (broadly oil industry) profit.