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.
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