Year to 31.3.15 |
Year to 31.3.14 |
|||
Profits band £ |
Rate % |
Profits band £ |
Rate % |
|
Small profits rate | 0 – 300,000 | 20* | 0 – 300,000 | 20* |
Marginal (small profits) rate | 300,001 – 1,500,000 | 21.25* | 300,001 – 1,500,000 | 23.75* |
Main rate | Over 1,500,000 | 21* | Over 1,500,000 | 23* |
Standard fraction | 1/400* | 3/400* |
The profits limits are reduced for accounting periods of less than 12 months and for a company with associated companies.
* Different rates apply for ring-fenced (broadly oil industry) profit.