Corporation Tax Reference Table
Financial year 2005 - 06 (£) |
Financial year 2006 - 07 (£) |
||
|
|
|
|
Starting rate zero |
0 - 10,000 |
Starting rate zero |
N/A* |
Marginal relief |
10,001 - 50,000 |
Marginal relief |
N/A* |
Small companies’ rate 19% |
50,001 - 300,000 |
Small companies’ rate 19% |
0 - 300,000 |
Marginal relief |
300,001 - 1, 500,000 |
Marginal relief |
300,001 - 1, 500,000 |
| Main rate 30% | 1,500,001 or more | Main rate 30% | 1,500,001 or more |
| Non-corporate distribution rate | 19% | Non-corporate distribution rate | N/A* |
The profits limits may be reduced for a company which is part of a group or has associated companies. The lower rates and marginal reliefs do not apply to close investment holding companies.