Tax Rates & Allowances - Corporation Tax

This information is prepared for guidance only. We recommend that you contact us for advice before acting on any information contained on this page and we cannot accept responsibility for any action taken without such advice.

Corporation Tax

	Year to 31.3.2012	31.3.2011

Main rate	26%	28%
Profits above	£1.5m	£1.5m

Small companies rate	20%	21%
Profits up to	£300k	£300k

Small/large marginal band	£300k - £1.5m	£300k - £1.5m
Fraction (effective rate)	3/200 (27.50%)	7/400 (29.75%)

Designated Members : M.J. Jay, F.C.A. • P.E. Farrow, F.C.C.A., A.C.A. • J.W. Hall, F.C.C.A., A.C.A. • J.R. Turner, Dip. P.F.S., A.I.F.P. • R.D. Gray, A.C.I.B. • S.J. Edwards, F.C.A.
Member: S.T. Boote, B.Sc (Econ), F.C.A.

Offices at King's Lynn and Downham Market. Registered to carry on audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Mapus-Smith & Lemmon LLP is a registered limited liability partnership.