Tax Rates & Allowances Menu
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- Self Assessment: Key Dates 2013/14
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Corporation Tax
Year to 31.3.14 |
Year to 31.3.13 |
|||
| Profits band £ |
Rate % |
Profits band £ |
Rate % |
|
| Small profits rate | 0 - 300,000 | 20* | 0 - 300,000 | 20* |
| Marginal (small profits) rate | 300,001 - 1,500,000 | 23.75* | 300,001 - 1,500,000 | 25* |
| Main rate | Over 1,500,000 | 23* | Over 1,500,000 | 24* |
| Standard fraction | 3/400* | 1/100* | ||
The profits limits are reduced for accounting periods of less than 12 months and for a company with associated companies.
* Different rates apply for ring-fenced (broadly oil industry) profit.