Corporation Tax Rates 2016-17

Corporation Tax on Profits

Level of Profits                                                2016-17        2015-16               
£0 - £300,000 - small profits rate                          20%               20%             
£300,001 - £1,500,000                                         N/A          Marginal rate    
£1,500,001 or more - main rate                             20%               20%   

The future rates are all financial years beginning on 1 April 2017 to 2019 inclusive will have a rate of 19%,
and the rate for the financial year 2020 will be 18%.