Corporation Tax


	Financial Year
	2010/11	2009/10
Profits exceeding £1,500,000 (standard rate)	28%	28%
Profits under £300,000 (small companies rate)	21%	21%

Marginal relief fraction	7/400	7/400
Effective marginal rate on profits between £300,000 and £1,500,000	29.75%	29.75%

Note that for close investment holding companies the 28% rate will apply regardless of profit levels.