Small Company Exemptions 2016-17

Company Tax Rates
 
                            Turnover            Balance Sheet total        Average Employees
                         not more than           Not more than                 Not more than
 
Company                  £6.5M                     £3.26M                            50
 
Group - Net              £6.5M                     £3.26M                             50
 
 
In order to qualify as small in any financial year (other than its first) it must:
 
a)    Meet the qualifying conditions in the current year and the previous year; or,
 
b)    Meet the conditions in the current year and qulaify as small in the previous year; or
 
c)    Meet the conditions in the previous year and qualify as small in the previous year.
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