Profits band £ |
Rate % |
All profits | 20 |
Profits band £ |
Rate % |
0 – 300,000 | 20* |
300,001 – 1,500,000 | 21.25* |
Over 1,500,000 | 21* |
Standard fraction | 1/400* |
*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.
Information updated 17 July 2015