Annual year-end accounts, tax and self assessment for small businesses.
Corporation Tax Rates
|
Corporation Tax |
2006 / 07 |
2005 / 06 |
|
Starting rate: 0% |
N/A* |
£0 - £10,000 |
|
Marginal starting rate |
N/A* |
£10,001 - £50,000 |
|
Small companies rate: 19% |
£0 - £300,000 |
£50,001 - £300,000 |
|
Marginal relief |
£300,001 - £1.5m |
£300,001 - £1.5m |
|
Main rate: 30% |
over £1.5m |
over £1.5m |
|
Non-corporate distribution rate |
N/A* |
19% |
*The 2005 Pre-Budget Report announced that the starting rate and non-corporate distribution rate would be replaced with a single banding for small companies set at the existing small companies rate.
The information on this page is for guidance only. Professional advice should be obtained before acting on any information contained.
