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.