Maidment Judd Chartered Accountants
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08/09 Corporation Tax
Profits Band
£
2008/09
2007/08
Small companies rate
0 - 300,000
21%
20%
Marginal rate
300,001 - 1,500,000
29.75%
32.50%
Full rate
Over 1,500,000
28%
30%
Marginal relief fraction
7/400
1/40

The profits limits are reduced for accounting periods of less than 12 months and for a company with associated companies.

For close investment holding companies the 30% rate will apply regardless of profit levels.

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