Tax Rates & Allowances

Corporation Tax

Corporation tax rates and bands are as follows:

Financial Year to 31 March 2011 31 March 2010
Taxable profits    
First £300,000 21% 21%
Next £1,200,000 29.75% 29.75%
Over £1,500,000 28% 28%

ICPA

Federation of Small Businesses

Charted Management Institutes