Corporation Tax

 

31 March 2018

£

Rate % 31 March 2017

£

Rate %
Small Companies Rate 0 – 300,000 19* 0 – 300,000 20*
Marginal Rate (small companies rate) 300,001 – 1,500,000 19* 300,001 – 1,500,000 20*
Main Rate over 1,500,000 19* Over 1,500,000 20*
Standard Fraction N/A* N/A*

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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