The Budget Menu
- Introduction
- Income Tax Rates
- Income Tax Reliefs
- Tax Credits
- Pension Premiums
- Car, Van and Fuel Benefits 2012/13
- Mileage Allowance Payments
- Individual Savings Accounts (ISAs)
- Corporation Tax
- Capital Allowances
- Value Added Tax
- Capital Gains Tax
- Inheritance Tax
- Stamp Duty & Stamp Duty Land Tax
- National Insurance
- Main Social Security Benefits
- Self Assessment: Key Dates 2012/13
- Disclaimer
Corporation Tax
Years to 31.3.13 |
Years to 31.3.12 |
|||
| 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 | 25* | 300,001 - 1,500,000 | 27.5* |
| Main rate | Over 1,500,000 | 24* | Over 1,500,000 | 26* |
| Standard fraction | 1/100* | 3/200* | ||
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.