Home Resource Centre Tax Tables Corporation Tax
Financial Year
2008/09
2007/08
Profits exceeding £1,500,000 (standard rate)
28%
30%
Profits under £300,000 (small companies rate)
21%
20%
Marginal relief fraction
7/400
1/40
Effective marginal rate on profits between £300,000 and £1,500,000
29.75%
32.75%
Note that for close investment holding companies the 30% rate will apply regardless of profit levels.
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